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Tui cuts profit forecast due to Middle East conflict and higher fuel costs.
Tui, Europe's largest travel operator, has cut its full-year profit forecast to between €1.1 billion and €1.4 billion, down from €1.5 billion to €1.6 billion.
The company cited the ongoing Middle East conflict, which disrupted operations and increased jet fuel costs, as the primary reason for the downgrade.
This led to repatriations of passengers and staff, canceled cruises, and a shift in travel demand toward western European destinations.
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Tui recorta el pronóstico de ganancias debido al conflicto en Oriente Medio y los mayores costos de combustible.