Key facts
- TUI narrowed its outlook for 2026 underlying operating earnings.
- The company expects annual underlying earnings before interest and taxes to reach between €1.2 billion and €1.3 billion.
- This is a revision from the previously forecast €1.1 billion to €1.4 billion.
Germany's TUI narrowed its outlook for 2026 underlying operating earnings on Tuesday, stating that consumers continued to book holidays later due to regional conflict, but demand remained strong into the fourth quarter. The travel group now expects annual underlying earnings before interest and taxes to reach between €1.2 billion and €1.3 billion, instead of the previously forecast €1.1 billion to €1.4 billion. Airlines have struggled to increase profits as jet fuel prices have spiralled and consumers concerned about escalating conflict have delayed or stopped booking their holidays. TUI had previously cut its profit forecast and suspended its revenue guidance in March due to surging jet fuel costs and uncertainty surrounding the Iran war.