Geopolitical Uncertainty Hits Profits at Holiday Firm Tui
Underlying earnings fell 27% as customer numbers dropped 3% and the company said Middle East conflict and weak demand pushed up costs and cut bookings.
- On Wednesday, August 12, 2026, Tui reported pre-tax profits tumbled 43% to 153.4 million euro in the third quarter, hit by rising fuel costs and weak demand amid the Middle East conflict.
- Uncertainty over the Iran war prompted cautious consumers to delay holiday bookings until the last minute, forcing Tui to lower prices amid weak demand and increased competition.
- Underlying earnings fell 27% to 233.8 million euro in the latest quarter, with customer numbers declining 3% to 9.9 million, reflecting broader travel sector challenges.
- Tui CEO Sebastian Ebel said the company cut airline risk capacity by 5% to mitigate unsteady demand; shares fell more than 1% following the results.
- Despite the earnings decline, Tui confirmed adjusted operating profit outlook of €1.1 billion to €1.4 billion for 2026, with its Holiday Experiences division showing resilience.
48 Articles
48 Articles
ARD Das Erste [Newsroom]Berlin (ots) - The CEO of TUI AG Sebastian Ebel has sharply criticized the Federal Government's economic policy. "For me and for many colleagues, many things are absolutely incomprehensible. Much of what has been announced is not ... Continue reading here...Original content of: ARD Das Erste, transmitted by news aktuell
For both travellers and the industry, the federal government's choices could have concrete consequences in the coming months. ...
In the face of global crises and higher inflation, many people book their holiday trips in the short term - and pay more attention to prices.
The travel group Tui feels the effects of global conflicts and has a trend towards very late holiday bookings. At the same time, the company has to accept significant declines in sales and profits in the third quarter of the year.
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