- Tui pre-tax profits fell 43pc to €153.4m in the third quarter to June 2026.
- Underlying earnings dropped 27pc to €233.8m in the latest quarter.
- Customer numbers declined 3pc to 9.9 million in the third quarter.
- The Iran war and hurricanes cost Tui €81m in the nine months of its financial year.
- Tui repatriated 5,000 passengers from cruise ships in Abu Dhabi in March 2026.
Holiday firm Tui has seen quarterly earnings plunge as cautious consumers continue to leave holiday bookings until the last minute amid uncertainty over the Iran war. Pre-tax profits at Europe’s largest travel operator tumbled 43pc to €153.4m in its third quarter to the end of June, with the group hit by rising fuel costs due to the Middle East conflict and pressure to lower prices because of weak demand and increased competition. Underlying earnings fell 27pc in the latest quarter to €233.8m as customer numbers fell 3pc to 9.9 million.
Tui revealed it suffered a hit of €81m in the nine months of its financial year so far from the Iran war and hurricanes in Jamaica, including an extra €20m direct impact from the Middle East conflict on its cruises arm during the third quarter. In March, the firm repatriated around 5,000 passengers from two cruise ships anchored in Abu Dhabi, which remained in the Gulf ports until mid-May. The group faces rising fuel costs and pressure to lower prices because of weak demand and increased competition across its core European markets.
Sebastian Ebel, chief executive of Tui, confirmed the group has weathered the tough trading conditions, but that holidaymakers are increasingly booking trips later towards their departure date. The trading environment reflects wars and geopolitical tensions, consumer caution, economic weakness and rising inflation in Europe’s core markets, all of which have influenced consumer sentiment and the timing of purchasing decisions. Travel remains highly relevant to people’s lives, but the timing of travel decisions has shifted.
Sebastian Ebel, chief executive of Tui, shared 2026 is no ordinary year and Tui has held its own well in a difficult global environment.
Sebastian Ebel shared the business model is proving resilient and travel remains highly relevant to people’s lives, but the timing of travel decisions has shifted.
