Europe's largest travel operator TUI reported a jump in first-quarter profit and maintained its profit outlook for the coming year on Tuesday, but saw its shares sink more than 9% as bookings growth weakened.

Despite on-year increases to both bookings and prices, growth slowed compared with what TUI had reported in December for the end of fiscal 2024.

Europe’s largest travel operator TUI reported a jump in its first-quarter profit on Tuesday, driven by strong performance in its packaged holiday business.

Europe's largest travel operator TUI reported a jump in its first-quarter profit on Tuesday, driven by strong performance in its packaged holiday business, but saw its shares drop by almost 7% in early trading.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world TUI AG fell the most in two months after summer bookings slowed in key markets such as Germany and the UK.