European OTA eDreams Odigeo has reported a “sharp increase” in summer trading.
Bookings in June surpassed pre-Covid levels and improved further in July and August.
The improvement came despite uncertainty and some Covid travel restrictions remaining in place.
The company said: “Despite Covid-19 impact, the first quarter of fiscal year 2022 has shown encouraging signs of market recovery.
“After a difficult year in 2020-21, as predicted, the travel market is rapidly returning.”
It claimed to be positioned to “take advantage” to attract more customers and capture further market share in a post-Covid era.
The company trimmed quarterly losses to €15.5 million for the period to June 30 from €23.6 million at the same time last year, with €136 million of liquidity at the end July.
“This liquidity position is a solid starting point for the low seasonality period in the coming months, as naturally the level of bookings decreases from September to December,” it added.
Chief executive Dana Dunne said: “We have continued to see a rapid and strong turnaround in trading, despite some travel restrictions still being in place.
“We have surpassed pre-Covid booking levels for the last three months, with August being at an impressive +27% verses pre-Covid-19 levels.
“We have extended the outperformance from last year and taken further market share after a very strong start in the first quarter of the current year.
“And that is because we have successfully positioned ourselves to thrive in a post-Covid-19 world through our scale, by being an online leisure-focused business that is the leader in mobile and innovation, our market leading member subscription product Prime, which has grown 50% in the last three months to 1.5 million members.
“It is exciting that we will reach our self-imposed forecast of two million Prime members at least a year early.”
He added: “Despite anticipating some continuing volatility over the next few months we are in great shape, excited and confident of making further progress for the rest of the year.”