Tui Group recorded 5.4% increase in revenues
It excludes the €16 million euros profit made on the sale of Riu Waikiki within Tui Hotels & Resorts.
We are delighted to announce our first set of results as Tui Group, having delivered 15% improvement.
Friedrich Joussen and Peter Long, CEOs
In the UK, Tui's present winter programme is now 77% sold, with average selling price up by 3%, total sales up by 6% and customer numbers up by 3%.
The UK also has the highest proportion of summer 2015 holidays sold, at 38%. Bookings are up 4% and average selling prices up 1%. However, overall mainstream booking are down 1%.
The company is also 93% hedged on its fuel for the current season and 87% hedged for the forthcoming summer.
Chief executives of Tui Group, Friedrich Joussen and Peter Long, said: "We are delighted to announce our first set of results as Tui Group, having delivered 15% improvement in the underlying operating result. This reflects a significant increase in profitability in Hotels & Resorts and Cruises. The travel result is in line with our expectations." ■