TUI Downgrades Outlook, Reports Softer Bookings From Iran War

After heading into 2026 with high hopes for summer growth, TUI is cutting its guidance for this year due to disruptions from the Iran War.

Underlying earnings before interest and taxes is expected to land between $1.29 billion and $1.64 billion (€1.1 billion to €1.4 billion), according to a Wednesday news release. That’s down from previous guidance of 7% to 10% growth from last year’s $1.66 billion (€1.41 billion).  

TUI suspended revenue guidance “until conditions stabilize.” The company in December said it expected revenue to increase 2% to 4% from fisca