TUI Group revenue down 4.2% for three months ended Jun-2010

TUI Group revenue down 4.2% - consolidated financial highlights for the three months ended Jun-2010:

• Revenue: EUR4,002 million, -4.2% year-on-year;
• Cost of sales: EUR3,671 million, -3%;
• Earnings before income taxes: (EUR62.1 million) compared with a loss of EUR421.4 million in p-c-p;
• Net loss: (EUR36.3 million) compared with a loss of EUR456.8 million in p-c-p. [more]

TUI Group: "For financial year 2009/2010 TUI expects operating earnings by tourism to show a stable development, with central operations achieving cost reductions. Underlying earnings by the continuing operations therefore continue to be expected to rise slightly year-on-year. Overall, the TUI Group now expects to achieve a positive group result as per financial year-end, despite the impact from the volcanic eruption in Iceland," Source: Company statement, 11-Aug-2010.