The tour operator said that while summer 2019 bookings were “broadly in line” with last year, “margins are not” based on “early visibility” of its Markets & Airlines sales.
The announcement sent Tui’s shares down by as much as 18.7% from £11.84 to as low as £9.63, before recovering slightly, during trading on the London Stock Exchange on Thursday (February 7).
Tui said margins for summer 2019 had been affected by “a continuation of the sector headwinds”, which include the negative impact from last year’s hot summer weather.
