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TUI swings to surprise first-quarter profit on robust travel demand
Europe's airlines are entering 2024 with robust outlooks as travel demand is expected to surpass pre-pandemic levels despite economic uncertainty, delays in plane deliveries from manufacturers and rising jet fuel prices. TUI's first-quarter beat is a positive signal for the airline sector as a whole, an investor in other airlines, who did not wish to be named, said.
Europe's airlines are entering 2024 with robust outlooks as travel demand is expected to surpass pre-pandemic levels despite economic uncertainty, delays in plane deliveries from manufacturers and rising jet fuel prices. TUI's first-quarter beat is a positive signal for the airline sector as a whole, an investor in other airlines, who did not wish to be named, said.
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