Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain.
German travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand.
For the same quarter last year, Europe's largest travel operator posted a 153 million euro net loss.
"In a persistently challenging environment, people's high willingness to travel ensures strong economic development in all areas of the Group."
A total of 3.5 million guests travelled with TUI during the three-month reporting period, up from 3.3 million the previous year.
Persons:
TUI, Sebastian Ebel, Tui
Organizations:
Palma de Mallorca, TUI, Deutsche Bank, Deutsche Bank analysts
Locations:
Palma, Palma de, Spain, TUI, Europe