TUI, the world's largest holiday company, said it expected next year to be"solid" after the pandemic recovery helped it swing back into profit for its last financial year.
Given its return to profit and a forecast for higher earnings in 2023, TUI said it planned to repay the Covid-19 aid it had taken from the German state in full and reduce related credit lines. It added that average holiday prices for this winter were 28% higher than pre-pandemic levels which would help cushion against high inflation levels.
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