"TUI" group, the largest tourism company in the world that bookings to Turkey next summer have dropped by around 40%, due to security concerns, at a time when the group announced Tuesday its losses shrank in the first quarter.
And caused by the terrorist attacks that took place in Egypt, Tunisia, Turkey and Paris in recent months, clearing the tourists from these famous destinations, also it led Zika virus outbreak in the Americas to undermine the prospects for global tourism.
And it kept the "TUI" listed in London on expectations of higher core earnings by at least 10%, based on the stability of exchange rates, and said that customers prefer to spend holidays in its hotels in Spain and the Canary Islands.
The company announced the limited losses in the first quarter, before interest, taxes and amortization (EBITDA) at 101.7 million euros ($ 114 million) for losses by 104.8 million euros a year ago.
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