TUI Group eyes 1 bln eur earnings as post-merger efforts kick in

TUI Group, the world's largest leisure tourism group, said it was on track for earnings of around 1 billion euros ($1.13 billion) in the current financial year as it reported narrowed losses in its first set of quarterly results. It said it would also ensure greater cooperation between cruise units Thomson Cruises and TUI Cruises. The travel sector, comprising the former TUI Travel, reported a wider loss of 149.1 million euros, hit by currency effects and slight declines in Germany and the Nordi