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rdf:type	schema:NewsArticle
schema:articleBody	German travel giant TUI said Wednesday it was 'optimistic' about a strong summer rebound despite booking heavy losses once again between October and March. "The prospects for early summer 2021 make me optimistic for tourism and for TUI," said the company's CEO Fritz Joussen in a statement, adding that the outlook was "significantly better" than at the beginning of the pandemic in 2020. The German company said that "rising vaccinations and test concepts" would enable "a safe restart for tourism in Europe". It added that it had already received 2.6 million bookings for the coming summer, with "new bookings doubling since April". Mediterranean destinations such as Greece and the Balearic islands were the most popular destinations, TUI said, adding that there was "particular potential" in holidaymakers from England. Yet the number of summer bookings still remains 69 percent lower than in 2019, the year before the pandemic. With hotels, cruise ships and other areas of the tourism sector unable to operate as normal in many places, TUI has been hit hard by the pandemic. After unprecedented losses of 3.1 billion euros ($3.7bn) in 2020, the group revealed Wednesday that it had also suffered a financial hit at the beginning of this year. It recorded net losses of 1.5 billion euros from October 2020 to March 2021 -- the first half of its fiscal year -- with operational losses (EBIT) of 1.3 billion euros. Yet the group, which has received significant financial assistance from the German government, also said it had on hand cash and cash equivalents of 1.7 billion euros. In January, TUI shareholders approved a third government bailout package of 1.8 billion euros, which included the option for the state to become a shareholder. In total, Berlin has now poured around 4.3 billion euros of public money into the crisis-hit group. kih/hmn/rl
schema:headline	Tourism giant TUI eyes strong summer despite fresh losses
schema:mentions	TUI AG Mediterranean Sea Balearic Islands Bailout England national football team Berlin Europe Chief executive officer Pandemic Greek Merchant Marine Early Summer Earnings before interest and taxes Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	57 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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