TUI narrows full-year profit outlook after summer bookings slip
TUI has trimmed the upper end of its profit guidance for the year after booked revenue in its markets and airlines unit fell over the summer and is down further for winter. The company says customers are booking later amid geopolitical and economic uncertainty.
TUI has cut the top end of its full-year profit forecast after weaker booked revenue at its markets and airlines division. Booked revenue there fell 5% year on year for the summer, and winter bookings are down 7%.
The travel group said the winter drop reflects customers booking closer to their travel dates, which it attributed to unsettled geopolitical and economic conditions. A burst of late bookings over the past four weeks made the summer decline milder than TUI had expected a month ago.
TUI now expects underlying operating profit of €1.2 billion to €1.3 billion for FY2026, narrowed from €1.1 billion to €1.4 billion. It posted operating profit of €1.41 billion in fiscal 2025.
The company said capacity remains under close review, with room to adjust it to demand, and pointed to its balance sheet for flexibility during its strategic overhaul.
In its latest results, markets and airlines reported an underlying EBIT loss of €16 million for the three months ended 30 June, against a €50 million profit a year earlier.
Full-year FY26 earnings are due on 9 December.
Sources
- flightglobal.comTUI cuts top end of full-year profit guidance as booked airlines revenue dips