TUI doesn’t take off as quarterly revenues remain stalled

FTSE 250 travel operator TUI (LON:TUI) saw its share price sink by 3.20% to 320.70p (as of 15:20 GMT) as revenues for the three months ended 31st December. The company’s loss for the period was substantially larger than in the comparative quarter of 2019 and it completed a third support for €1.8 billion that management said would bridge liquidity until the key summer period.

However, guidance for 2021 is still not being issued due to the ongoing travel restrictions and the uncertainties regarding Covid.