TUI Makes Big Change to Summer Holidays

Travel company TUI Group says summer holiday bookings in the UK are down 10%. People are unsure about traveling because of the war in Iran. Now, people prefer western Mediterranean destinations and book trips closer to departure dates.

TUI will buy fewer airline seats from other companies, but its own flights will stay the same. The CEO, Sebastien Ebel, believes there won't be fuel shortages in the next 10 weeks due to the Iran conflict.

TUI's Chief Financial Officer, Mathias Kiep, is also sure there will be enough fuel. He says there's definitely enough fuel for the next 10 weeks.

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TUI thinks the fuel discussion is not a big problem. They don't see any shortages for the next few weeks and don't think it will affect the summer, except for higher prices.

Europe is now getting more oil from other countries like Nigeria. This is because the higher prices make production there profitable. Also, consumption is lower than last year and refinery capacity is up.

Even if the Strait of Hormuz stays closed, there will be no fuel shortage.

TUI had a €40 million (£34.7 million) loss in the first three months of 2026. This was due to problems caused by the Iran war.

The company had to bring back about 10,000 guests and 1,500 crew members after a disruption in the Gulf region.

TUI's latest financial update shows an underlying loss before interest and tax of €188 million (£163 million) for the quarter.

The company's Markets and Airline division has seen a 7% fall in booked revenue for summer 2026 compared to last year. Hotel occupancy for the second half of the year has also dropped by 7%.

The slowdown is mainly due to the Iran war's impact on holiday destinations like Türkiye, Cyprus, and Egypt, and the aftermath of Hurricane Melissa.

TUI is working to adjust to these changes and minimize their impact on the company and its customers.

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