Tui has insisted it is "well positioned" with regards to fuel supply despite "the volatile geopolitical backdrop" in which travel is operating, which resulted in the group taking a €40 million hit in March.
Tui ship Mein Schiff 4 was among two stuck in the Middle East (Credit: iStock / wayra)
This included costs arising from repatriation efforts and operational disruptions relating to the conflict in the Middle East. However, Tui Group still expects to reduce its losses in the second of the two – typically weaker – winter quarters of the year by between €5 million and €25 million.
Last year, the operator recorded a €207 million second-quarter loss in underlying earnings before interest and tax. Tui will publish its full second-quarter / first-half results on 13 May.
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