In the third quarter, the cruise sector of TUI has improved its[ds_preview] turnover by 22 % to 59 mill. € (previous year: 49 mill. €) due to the capacity expansion in Hapag-Lloyd Kreuzfahrten. As TUI Cruises is measured at equity, no turnover is shown in the consolidated financial statements. Underlying earnings decreased to -2.2 mill. € (previous year: 0.2 mill. €). While earnings by Hapag-Lloyd Kreuzfahrten were down on prior year, partially due to start-up costs for the fleet expansion, TUI Cruises continued its positive performance. For the first nine months, the sector posted cumulative turnover of 162 mill. € (previous year: 145 mill. €), up 11 % on prior year. Cumulative underlying EBITA totalled -8 mill. € (previous year: -3 mill. €).
