TUI extends 4.7 billion euros credit lines with banks until summer 2024

TUI AG has extended its existing credit lines until summer 2024. This gives the Group more time and flexibility and strengthens TUI in a market environment with Corona restrictions. The Group's objective remains a rapid repayment of the government loans as soon as more holiday destinations can be travelled to in a stable manner again and the successful relaunch of tourism continues in a sustainable manner. Pent-up demand and interest in travel remain at high levels in Europe and TUI's international markets. As expected, the summer business, which has got off to a good start, is currently focused on a few holiday destinations such as Greece, Spain and Cyprus, domestic tourism and cruises by the Group's Joint Venture TUI Cruises as well as the major hotel and club brands of the TUI Group - RIU, TUI Blue and Robinson.