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TUI losses deepen in first quarter; sticks to downgraded guidance

By BFN News | 07:23 AM | Tuesday 12 February, 2019


Travel company TUI posted a deeper earnings loss in its fiscal first quarter, as weather conditions and a weaker pound caused by Brexit uncertainty crimped margins. Underlying Ebita for the three months through December amounted to a €83.6m loss, compared to a loss of €36.7m on-year. TUI last week shocked the market by downgrading its earnings guidance and it reiterated that guidance on Tuesday. Underlying Ebita was still expected to be broadly stable with the 2018 financial year's €1.18bn. Story provided by StockMarketWire.com

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