TUI Group is well positioned for the post-Corona period and expects a stable business development for 2022, especially for the main months of the summer season. As announced and agreed, TUI is also returning the first part of the credit lines provided during the pandemic on 1 April 2022. The financial resources made available by the German government and private banks in the framework of the three stabilisation packages will then be reduced by around EUR 700 million.

A large part of this refers to the KfW Revolving Credit Facility (RCF). This "rescue umbrella" was important during the pandemic and the associated massive restrictions on business. Now is the right time to reduce the first credit lines.

The KfW RCF credit line, which was still drawn at around EUR 500 million at the beginning of February, could be reduced to zero at date due to the expected good operational performance. As of 28 March, TUI had liquidity of EUR 4.1 billion. Less the partial return on 1 April 2022, the liquidity stands at EUR 3.4 billion.

The company returns the secured RCF provided by KfW and the private banks as part of the third stabilisation package in the amount of EUR 170 million (originally EUR 200 million).