Tui records £1bn loss amid Covid-19 travel shutdown

Sales fell 98{fde03d2f1c3ee029f0b86461a3e50e9d647f04138057fbe6f119870871f02d29} from April-June as pandemic halted travel but Europe’s biggest holiday firm says future bookings offer hope

Tui, Europe’s biggest holiday company, has warned that business is unlikely to return to normal until 2022 as it revealed losses so far this year have totalled €2bn (£1.8bn).

In an illustration of Covid-19’s impact on the package holiday industry, the group said revenues from April to June had crashed by 98{fde03d2f1c3ee029f0b86461a3e50e9d647f04138057fbe6f119870871f02d29} as pandemic lockdowns across the continent wiped out sales.

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