TUI reiterates 2013 outlook, beats expectations

FRANKFURT Wed Feb 13, 2013 1:39am EST

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FRANKFURT Feb 13 (Reuters) - German travel and tourism group TUI AG reiterated its earnings expectations for this year and reported first quarter results that beat expectations.

The group, which holds a 56 percent stake in Europe's largest tour operator TUI Travel, reported an underlying first quarter loss before interest, taxes and amortizations of 141.5 million euros ($191 million).