TUI narrows quarterly loss despite geopolitical headwinds. Europe's largest tour operator reported a €188m loss for Q2 ended March 31, a 9% improvement year-over-year and better than analyst expectations of €194m. The company absorbed a €40m impact from the Iran war, which forced flight cancellations and ship rerouting. Strong cruise demand and airline streamlining efforts helped offset disruptions. Bookings for the second half remain robust, with tourists shifting to western Mediterranean destinations and booking closer to travel dates. TUI maintained its 2026 full-year adjusted operating profit guidance of €1.1 billion to €1.4 billion, signaling confidence despite ongoing geopolitical uncertainty and elevated jet fuel costs affecting the broader airline industry.
