Despite a promising summer outlook, TUI’s trading update did not convince the market due to a high level of uncertainties related to airport chaos, geopolitics and inflation, etc. The financial guidance remains vague for the same reason and its balance sheet still needs meaningful strengthening. We expect a downgrade in the FY22 consensus but no major changes to our current estimates.
10 Aug 2022
Uncertainties cloud the summer trading outcome
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Uncertainties cloud the summer trading outcome
TUI AG (TUI:LON) | 598 140.6 4.1% | Mkt Cap: 3,036m
- Published:
10 Aug 2022 -
Author:
Yi Zhong -
Pages:
3
Despite a promising summer outlook, TUI’s trading update did not convince the market due to a high level of uncertainties related to airport chaos, geopolitics and inflation, etc. The financial guidance remains vague for the same reason and its balance sheet still needs meaningful strengthening. We expect a downgrade in the FY22 consensus but no major changes to our current estimates.