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Holiday company TUI expects strong summer holiday season

LONDON, May 12 (Reuters) - TUI Group, the world’s biggest holiday company, said it was expecting a strong 2021 holiday season and stuck to a plan to operate 75% of its pre-pandemic capacity, as rising vaccination levels mean Europe will open for travel this summer.

The pandemic has hammered Germany-based TUI, forcing it to rely on multiple bail-outs from the German government.

Reporting results for the six months ended 31 March 2021, TUI said on Wednesday that it sunk to an EBIT loss of 1.3 billion euros ($1.58 billion) on revenues which contracted 89% to 716 million euros. ($1 = 0.8249 euros) (Reporting by Sarah Young; Editing by Alistair Smout)

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