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Tui Shares Fall 11% as Losses Widen Despite Record Cruise Profits

Europe’s largest travel operator faces economic challenges, softer summer bookings, and rising losses while maintaining full-year profit guidance.

Tui recorded an underlying loss before interest and tax of €207 million for the three months to the end of March, widening from a €189 million loss in the same quarter last year
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Overview

  • Tui reported a second-quarter operating loss of €207 million, an increase of €18 million year-on-year, despite revenue rising to €3.7 billion.
  • The company’s cruise segment achieved record double-digit profit growth following the launch of two new ships.
  • Summer bookings are down 1% year-on-year, with a pipeline of 8.6 million bookings, impacted by weaker demand in Germany and a later Easter.
  • Shares dropped approximately 11% following the earnings update, reflecting investor concerns over economic headwinds and booking trends.
  • CEO Sebastian Ebel emphasized cost reduction, margin protection, and market diversification as key strategies to navigate the challenging European economic landscape.