BLOOMBERG TUI AG’s summer bookings are approaching pre-pandemic levels, the latest sign that the travel sector is recovering despite high inflation squeezing household budgets. The world’s biggest tour operator said booking volumes were at 96% of 2019 levels, led by demand for travel to Spain, Greece and Turkey. Prices are 26% higher than pre-pandemic levels, the company said. The stock ...

BLOOMBERG Virgin Australia Airlines Pty Ltd is close to paying A$730 million ($494 million) to its private equity owner Bain Capital, months before a possible listing in Sydney, according to a person familiar with the matter. The planned capital return is almost exactly the same size as the amount that Bain paid for Virgin Australia’s equity in 2020, said the ...

BLOOMBERG Beyond Meat Inc seeks to raise as much as $200 million in an equity offering as the plant-based burger maker contends with falling sales and a decline in cash reserves. The company filed a prospectus supplement with the US Securities and Exchange Commission, according to a statement. The proceeds will be used for “general corporate and working capital purposes,” ...