TUI Adjusts 2026 EBIT Guidance Amid Middle East Conflict

TUI AG anticipates a strong operational performance for Q2 FY 2026, with an expected underlying EBIT increase between €5m to €25m compared to the previous year. This growth stems from the transformation of Markets and Airlines, even as the company faces a €40m impact due to the Iran war. Despite this improvement, TUI has adjusted its full-year EBIT guidance to a range of €1.1bn to €1.4bn, down from the previous growth estimate of 7-10%.

The ongoing conflict in the Middle East has led to disrupted operations, including the repatriation of approximately 10,000 guests and crew. Additionally, there has been a notable shift in tourism demand from the Eastern to Western Mediterranean, impacting hotel occupancies and airline revenues.

While TUI's cruise operations face itinerary changes, the company's strong financial positioning gives it resilience amid geopolitical uncertainties. Further updates are expected on May 13, 2026, following the release of the Q2/H1 results.