shares of tui ag fell as much as 43 in early trade wednesday after the travel company missed earnings forecasts after booking a charge related to air traffic disruptions the londonlisted german travel operator reported an underlying loss before interest and tax for the quarter ended june 30 of 27 million euros 276 million compared with a loss of eur6698 million the year before and a forecast by ubs analyst cristian nedelcu for a eur75 million profit tui booked a eur75 million charge in its accounts related to the air traffic disruptions the european travel sector has been hit over recent months by a shortage of staff after airlines and airports laid off employees during the pandemic crisis and strikes among ground crew at some major airports shares at 0742 gmt were down 510 pence or 36 at 13830 pence having fallen to a low of 13725 pence earlier in the session despite the extra charge tui said that it expects to return to positive underlying ebit for the year as a whole as it benefits from a return to travel after the lifting of coronavirusrelated restrictions it carried 51 million passengers over the quarter generating revenue of eur443 billion compared with eur6497 million in the yearprior period one analyst polled by factset had a revenue estimate of eur430 billion excluding exceptional and other oneoff charges the company made a loss before interest and taxes of eur425 million for the quarter ended june 30 compared with a loss of eur7480 million for the third quarter of fiscal 2021 tui said that the booking momentum continued to be encouraging with average prices being significantly higher than in 2019 the company said that bookings were at 90 of the levels seen in 2019 with 115 million customers booked for summer 2022 it added that bookings for july and august were at 94 of the level seen in summer 2019 and that it expects to reach almost the same level of bookings in summer 2022 as in 2019 our business performed well in the third quarter  despite the operational challenges in the european tourism sector chief executive sebastian ebel said we continue to expect a strong travel summer 2022 with capacity close to precrisis levels and significantly positive underlying ebit for the full year