TUI reports in-line trading

Trading at TUI was in-line with the company´s expectations, the travel operator said in a pre-close trading update.

For the year to 18 September, the tourism group reported a 1% year-on-year increase in total revenues, alongside flat average selling prices.

Management expressed confidence in its ability to deliver full-year underlying growth in earnings before interest, taxes, depreciation and amortisation of between 12% and 13%.

Results for the full-year were scheduled to be released on 8 December.