Tui Group has officially suspended its revenue growth forecast for 2026 after the Iran war wiped €40 million from second-quarter earnings, with Chief Executive Sebastian Ebel declaring package holidays the "gold standard" amid an increasingly volatile global landscape.
Ebel called package holidays the 'gold standard' for unnerved consumers (Credit: Tui)
The group warned geopolitical and economic instability would make the second half of the year "challenging", despite posting improved half-year results and extending its run of consecutive operating profit growth to 14 quarters.
Tui said the Iran crisis, coming soon after the impact of Hurricane Melissa in Jamaica, created €45 million in additional costs during the second quarter alone, building on an £8.5 million loss that masked an otherwise historical first quarter back in February.
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