Travel Group TUI Tightens Earnings Guidance, Citing Strong Vacation Demand

TUI narrowed its annual earnings guidance, citing strong demand for its vacation business and improved booking trends for its airline. The German travel group said it remains on track to deliver robust underlying earnings for the year through September 30, according to the update described in the brief. The company also noted the momentum behind its travel segment and airline performance as reasons for the revised outlook. Earlier guidance has been adjusted downward in scope, but the direction of the company’s message is positive, with management pointing to continued demand into the second half of the year.