HANOVER (dpa-AFX) – The conflict in the Persian Gulf continues to weigh on the prospects of tourism giant Tui. ‘Our figures, as well as the market as a whole, confirm a marked trend for last-minute bookings, particularly to Western Mediterranean countries,’ the group declared on Wednesday on the occasion of the publication of its quarterly results in Hanover. Nearly half of consumers planning to go this summer have not yet booked. The boss of Tui, Sebastian Ebel, is counting on an increase in average prices, a dynamic already visible in its own hotels and cruises.
After suspending his turnover forecasts for the 2025/26 financial year last April, Sebastian Ebel has still not ventured into new projections. The operating result adjusted for exceptional items (adjusted Ebit) should still be between 1.1 and 1.4 billion euros, in order to get as close as possible to the level of the previous year (1.4 billion). The growth initially targeted was definitively set aside.
In the first half of the 2025/26 financial year (ended September 30), the group’s turnover remained at 8.56 billion euros, slightly below last year’s level. Although the Iranian conflict weighed on the result to the tune of 40 million euros, the adjusted operating loss – usual for the season – was reduced by more than a quarter to around 116 million euros. Ultimately, the group’s net loss amounted to around 325 million euros, an improvement of 17%./stw/zb
