Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines TUI's revenue falls 58% following Covid-19 restrictions
By BFN News | 07:23 AM | Thursday 10 December, 2020 TUI's revenue for the year ended 30 September fell 58% as a result of Covid-19 restrictions over the summer months, but the travel operator is taking measures to be "stronger, leaner, more digitalised". According to its full year results, adjusted revenue fell from €18.9 billion to €7.9 billion, with an underlying earnings before interest and taxes loss of €3 billion from a profit of €3.9 billion on the previous year. Over the year, customer volumes were 8.1 million, down 62% on the prior year's 21.1 million, despite its markets &...
Source: investegate.co.uk