The travel operator posted an increase in net profit for the year to the end of September and said it expected further improvement in the current fiscal year.

The German group, which recently ditched its listing on the London stock market to focus solely on Frankfurt, posted a 33% rise in underlying pre-tax earnings to 1.3bn euros (£1.1bn)

Europe's largest tour operator TUI on Wednesday reported higher profit in the 2024 financial year and projected further growth next year, albeit at a significantly slower pace than in 2024, initially sending shares lower in early trading.