Holiday group Tui has revealed a £63 million hit from the recent travel chaos that crippled airports and led to flight cancellations and lengthy delays. The firm said its customers were affected by about 200 cancelled flights in May and June, mainly relating to departures from Manchester Airport amid staff shortages.
"Excluding these additional costs, underlying group earnings before tax and interest would be €48 million euros, the first profitable quarter since the start of the pandemic," said Tui. The firm remained loss-making in the three months to the end of June due to the costs of the airport disruption, reporting underlying pre-tax losses of 27 million euros (£23 million) in its third quarter.
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