Underlying Ebit (earnings before interest and taxes) for the year ending September 30 was £250 million – £58 million lower than the prior year on a like-for-like basis and £30 million lower than the guidance issued in September.
The group will publish its full audited financial results as planned on November 29. It has suspended its dividend for 2018.
Group revenue stood at £9,584 million, up 6% on a like-for-like basis.
The tour operator was down £88 million, impacted by discounting in the lates market; with the UK delivering “a particularly disappointing” result, the group said.
