TUI, the world's largest tourism company, sunk to a €1.1 billion loss in its third quarter.
It comes as the Covid-19 pandemic stopped the company providing holidays.
The company, which resumed holidays again in mid-June and said demand had returned, secured a second credit line from the German government on Wednesday, helping bolster its liquidity after Covid-19 wiped out revenues for three months.
TUI’s underlying EBIT loss of €1.1 billion for the three months to June 30 compared to the €102.3 million it made in the same period last year.
