TUI jumps as it confirms outlook on strong bookings, winter expectations

TUI AG

19/09/2023 08:55

** Shares of TUI  TUI1n.DE   TUIT.L  jump more than 6% after
the tour operator confirmed its 2023 outlook, citing strong
summer bookings and high winter expectations
    ** Summer bookings for 2023 reached 13.7 million, up 5% over
the previous summer season
    ** Stifel says winter 23/24 bookings are "encouraging" at
this stage, with no signs of deteriorating demand
    ** "As long as unemployment doesn't rise sharply, we feel
many consumers will continue to prioritise holidays within
squeezed household budgets," the brokerage adds
    ** TUI is among top gainers on Europe's STOXX 600 index
 .STOXX 

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))