trending Market Intelligence /marketintelligence/en/news-insights/trending/N9UCsQ2bCLoDVZoBOq58IQ2 content esgSubNav
In This List

TUI Group fiscal Q2 loss narrows YOY

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


TUI Group fiscal Q2 loss narrows YOY

TUI AG said its normalized net income for the fiscal second quarter ended March 31 came to a loss of 27 euro cents per share, compared with a loss of 36 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €158.0 million, compared with a loss of €208.5 million in the year-earlier period.

The normalized profit margin climbed to negative 5.1% from negative 7.1% in the year-earlier period.

Total revenue grew 5.4% year over year to €3.10 billion from €2.94 billion, and total operating expenses climbed 7.6% on an annual basis to €3.37 billion from €3.13 billion.

Reported net income totaled a loss of €190.8 million, or a loss of 32 cents per share, compared with a loss of €242.7 million, or a loss of 42 cents per share, in the prior-year period.