Travel giant Tui smashes earnings expectations as investors decide on London exit

German travel company TUI has reported a quarterly profit of 6 million euros, surpassing predictions amid strong travel demand. The profit significantly exceeded analysts’ forecasts for a loss in earnings before interest and taxation (EBIT). TUI’s first-quarter revenue reached a record 4.3 billion euros, reflecting a 15% increase from the previous year due to higher demand and prices. TUI expects growth in operating profit of at least 25% over the 2024 financial year and aims for a compound annual growth rate of 7-10% in the medium term. The company is currently considering ditching its London listing in favor of a full listing in Germany.