As a result of the company's full-year results and profit forecast, Tui stock surged by 9%

Following the release of TUI's full-year results and its profit forecast, the-

Company's Stock Rose By 9% On Tuesday.

In terms of travel and tourism, TUI is the world's largest company.

Revenues for the year ended September 30 increased by 3.5% to €19.8 billion.

The underlying EBITDA (earnings before interest, taxes, depreciation, and amortization)-

Of TUI Increased By 13.9% To €1.7 Billion During The Quarter.

Compared to a loss of €3.6 billion last year, the company's net loss for the current year was €3.1 billion.

Travel demand is expected to recover in the coming months, according to TUI's CEO.

During the current financial year, the company anticipates returning to profitability.

In 2020, TUI's shares have fallen more than 70% as a result of the pandemic.

To improve the liquidity position of the company, steps have been taken to reduce costs.

A total of €4.8 billion has also been raised by TUI to cope with the pandemic.