TUI narrows 2026 profit outlook as bookings lag

TUI narrowed its full-year 2026 underlying operating profit guidance to between 1.2 billion euros and 1.3 billion euros on Tuesday, tightening a previous range of 1.1 billion euros to 1.4 billion euros after a modest improvement in holiday bookings over the past month. The German-owned travel group said summer bookings remained under pressure, with demand in the United Kingdom down 7 percent and Germany down 2 percent, its two largest markets. The winter outlook is weaker, with bookings for the season currently 9 percent lower in the UK and 4 percent lower in Germany, although TUI said the pace of decline had begun to ease. Over the past four weeks, summer bookings rose 2 percent while the decline in winter bookings narrowed to 1 percent. Early indications for the new winter season point to a continuation of the later booking environment against the backdrop of geopolitical and economic uncertainty, the company said, adding that it continues to carefully manage capacity and retain flexibility to adjust it in line with customer demand. Average selling prices continue to hold up well, reflecting the strength of the product proposition, TUI said.