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Travel company TUI narrowed its first-quarter losses after an easing of Covid-19 restrictions helped boost sales.
Net losses for the three months through December amounted to €386.5 million, compared to year-on-year losses of €790.3 million.
Revenue jumped to €2.37 billion, up from €468.1 million year-on-year and underlying earnings before interest and tax amounted to a loss of €273.6m, compared to €402.2m year-on-year.
TUI said the improvement in sales reflected the more open travel environment enabled by the successful roll-out of vaccinations during calendar year 2021.
'TUI is strategically well positioned and will benefit from the strong rebound in the leisure industry,' the company said.