Tui has disclosed a €20 million hit owing to the Iran war, but its chief has nonetheless insisted the operator is "holding its own well in a difficult global environment".
Tui believes the challenges that have face travellers this year is reshaping booking patterns
The group posted earnings (underlying ebit) of €235 million (£201 million) on Wednesday (12 August) during the three months to the end of June, down by more than a quarter (-27%) from €321 million (£274 million) a year earlier.
Earnings for the first nine months of the year, meanwhile, stood at €123 million (£105 million) – down by 25% from the €165 million (£141 million) it took during the same period last year.
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