The Guardian Australia – Business
·business
·4 hours ago
Tui cuts profit forecast by €40 million amid geopolitical tensions
Tui reduced its profit forecast by €40 million due to the Iran war's impact, repatriating nearly 12,000 holidaymakers and crew. The Europe-based travel operator expects profits to range between €1.1 billion and €1.4 billion this year amid ongoing geopolitical tensions. Booking revenue and hotel occupancy fell 7% year-on-year, signaling consumer caution towards travel this summer.
Summary by Glance · The Guardian Australia – Business
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