The TUI group, given the strong demand, is considering extending the 2021 summer season, APE reports.
TUI group specialists expect in the 4th quarter, that is, from July to September inclusive, to return to the company’s profitability. Fritz Jussen, CEO of the group, told reporters today:
“We are seeing a huge accumulation of demand towards the end of the season, expansion is sustainable and this needs to be matched with destinations.”
For the first half of this year, the company’s losses reached 1.3 billion, and revenues fell by 89%, to 716 million euros. However, it is optimistic about the future and plans to reach 75% of its pre-pandemic capacity. And although the uncertainty that reigns today is slowing down the expected demand, experts are confident that effective vaccination will open Europe to full travel.
Comparing the number of summer bookings this year with the same period in 2019, TUI notes that there are 69% fewer of them – 2 years ago, the company sent 23 million people on vacation every year. However, to date, she already has 2.6 million summer bookings, and the number of new ones has doubled since April. And this is not the limit – even more directions are expected to open in the near future. Fritz Jussen says:
“We are now at the beginning of an anticipated restart. The anticipation is palpable, there are opportunities for tourism and for TUI. “
TUI’s optimism about the upcoming summer season will increase the number of travel and airlines in Europe that have suffered unprecedented losses over the past 14 months of pandemic restrictions.