TUI experienced an underlying loss before interest and taxes of €206.8m in Q1 2025, a deterioration from the €188.7m loss reported the previous year.
There was a 1pc decrease in summer bookings, leading to nearly a 7pc drop in shares during early trading.
TUI’s CEO, Sebastian Ebel, mentioned that due to economic conditions, 2025 is projected to be “challenging” and that “Europe needs new momentum.”
Despite challenges, Ebel indicated on a media call that booking momentum improved since May 1, predicting summer bookings would likely match the previous year.
Sebastian Ebel shared: “Europe needs new momentum. We must return to an overall economy that is growing. The weakness in Germany could suggest we move away from the top end of guidance (if trends continue). You can lose in winter and win in summer. It will likely take three years for the benefits of that strategy to show up in the TUI balance sheet.”
