TUI says summer demand helps turn Q3 cash flow positive
LONDON, Aug 12 (Reuters) - Holiday company TUI Group said a jump in summer bookings had helped it turn cash flow positive in its March-June quarter for the first time since the pandemic started, as it geared up to take over 4 million people on trips.
But the group also cut its summer capacity to 60% of the size of its 2019 programme, down from the 75% it had planned in May, illustrating the continued impact of travel restrictions on its business. (Reporting by Sarah Young; Editing by Kate Holton)
