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Hanover (dpa) - The Tui Group, shaken by the Corona crisis, will inform you this morning (from 8 a.m.) about the development in the first fiscal quarter of 2020/2021.
According to the figures for the months October to December, CEO Fritz Joussen should also look at the future prospects for the new year.
In any case, winter is a time of weaker business in the industry - but recently the travel restrictions in the pandemic made the providers particularly difficult.
As the world's largest tourism company, Tui hopes that more vaccinations and broader implementation of rapid tests will take away consumers' uncertainty when planning their vacation.
In the past 2019/2020 financial year (until the end of September), the corona slump among the Hanoverians was considerable.
The Tui Group, supported by government aid worth billions of euros and a capital increase, reported a loss of 3.1 billion euros; sales fell from 18.9 billion euros in the previous year to 7.9 billion euros.
At the beginning of 2020, the company started the year with a winter booking record.
In the spring, Tui had to stop almost all operations, in the summer and autumn business was reluctant to restart.
Even before the pandemic, there were signs of job cuts, which are now becoming much more severe - there is harsh criticism from the unions and workforce of the type and scope of the cuts, for example at the Tuifly airline or the travel agencies.
The summer business 2021 should help ease the financial situation.
Most recently, Tui had again canceled trips to important destinations until the end of February or March.
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