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Travel Giant TUI Sees Holiday Demand Solid in Rest of Summer

  • Tour operator on course for profit in year through September
  • Winter bookings showing good momentum despite economic squeeze
A Boeing Co. 737-800 passenger aircraft, operated by TUI AG, taxis at Frankfurt Airport in Frankfurt.

A Boeing Co. 737-800 passenger aircraft, operated by TUI AG, taxis at Frankfurt Airport in Frankfurt.

Photographer: Alex Kraus/Bloomberg
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TUI AG, the world’s biggest tour operator, said it remains on course to post a profit this year, with bookings and prices looking strong for the rest of the summer even as Europeans suffer a cost of living squeeze.

The firm expects to report “significantly positive” underlying earnings before interest and tax for the 12 months through September, it reiterated Wednesday. Hanover, Germany-based TUI had a profit of 48 million euros ($49 million) in the fiscal third quarter, before costs of 75 million euros from airport upheaval.