Tui Profits Drop 43% Amid Iran War and Hurricanes

The TUI Group reported a 43% drop in pre-tax profits to 153.4 million euro for the third quarter ending in June 2026. The company attributed the decline to weak consumer demand, rising fuel costs, and geopolitical instability stemming from the war in Iran. These factors, combined with hurricanes in Jamaica, resulted in a total loss of 81 million euro over the first nine months of the financial year.

The conflict in Iran specifically impacted the cruise division, costing the firm 60 million euro. This included 40 million euro for the repatriation of 5,000 passengers from Abu Dhabi in March after the Mein Schiff 4 and 5 were unable to transit the strait of Hormuz for 12 weeks. While the holiday experiences arm remained more resilient, the markets and airline business recorded an underlying loss of 17.4 million euro.

Customer numbers fell 3% to 9.9 million as inflation in core European markets and global tensions drove holidaymakers to delay bookings until the last minute. Chief Executive Sebastian Ebel noted a trend of travelers shifting to the shoulder season to avoid Western European heatwaves, prompting the company to expand November offerings. Despite the quarterly slump, Tui maintained its full-year outlook, citing a recent 7% rise in booked revenues and strong demand for Spain and Greece.