• Strong first-half results with underlying EBIT of -111 million euros, an improvement of 45 million euros year-over-year despite additional costs in the Middle East

• TUI posted a strong underlying EBIT of -188 million euros in the second quarter, traditionally a weaker period for the tourism industry (+19 million euros year-over-year), despite one-time charges resulting from the Iran conflict (-40 million euros); revenue rose by 1.3 percent

• Holidays remain a high priority: 12.8 million guests (+0.2 million) spent their holidays with TUI in the first half of the fiscal year

• Trend toward last-minute demand for summer 2026 bookings continues

• Dynamic operating conditions amid geopolitical challenges require a high degree of flexibility

• Outlook for the fiscal year, revised in April, confirmed

• CEO Sebastian Ebel: “TUI has seen growth in operating profit for the fourteenth consecutive quarter. This reflects the Group’s steady development. The very strong results give us confidence for the second half of the year. Due to geopolitical challenges and dynamic operating conditions, this will require great dedication and flexibility. Our focus is on differentiated products. Our transformation is progressing successfully: We see artificial intelligence as an opportunity for the travel and tourism industry. We are already utilising it across the Group.”

“TUI has seen growth in operating profit for the fourteenth consecutive quarter. This reflects the Group’s ongoing transformation. The very strong results give us confidence for the second half of the year. Due to geopolitical challenges and dynamic market conditions, it will require great dedication and flexibility. We offer our customers a high level of security and quality, especially in turbulent times. Package holidays remain the gold standard.

Our focus is on our differentiated products with their strong brands. That is our strength - from booking and hotels to the on-site experience. Thanks to the new organisational structure with a COO who has overall responsibility, we can leverage synergies - differentiated products for our sales teams and a strong sales force to ensure optimal utilisation of our assets - even more consistently.

We see artificial intelligence as an opportunity for the travel and tourism industry. We are already using AI across the Group. We offer our customers a high level of security and quality, especially in turbulent times. The package holiday remains the gold standard. From the strategic development of business segments to operational practice: At TUI, AI is not viewed as a tool but as a way of working; it is an integral part of product development that increases efficiency, promotes customer proximity, and, above all, makes service even better and faster while enabling additional sales channels. For example, we collaborate with Google and ChatGPT and offer AI dialogue functions in our app. Digital services, AI, and personal advice at the travel agency complement each other,” said Sebastian Ebel, TUI Group CEO.

Mathias Kiep, TUI Group CFO: “Our strong results in the first half of the year show that we can successfully offset the financial burdens from the war in Iran and Hurricane Melissa in Jamaica. TUI is resilient. Despite all the challenges in the world, we are looking forward to the second half of the year with confidence.”

Looking at the first half of fiscal year 2026, TUI improved underlying EBIT by 45 million euros to -111 million euros (previous year: -155.9 million euros) despite the additional burdens.

This was driven by a strong second quarter following a strong first quarter. Despite the impact of the war in Iran (40 million euro) and Hurricane Melissa in Jamaica (5 million euro) - totaling 45 million euro in this quarter alone - underlying EBIT at the Group level improved by 8.9 percent to -188 million euro in the period from January to March 2026 (previous year: -206.8 million euro). This improvement was driven by the successful transformation in the Markets + Airline business area as well as strong demand for TUI’s cruise offerings.

Currently, more than half of the available capacity for the summer has been sold. Despite the challenges posed by the war in Iran, the focus remains on the growth of differentiated products and dynamically packaged holidays. Utilising our own asset capacity is the priority. This approach is supported by our cost-reduction and efficiency-improvement programmes. At the same time, higher average prices are expected to help partially offset the increased cost level.

TUI remains committed to its successful strategy. The outlook adjusted in April is based on the current booking environment for the summer season, the expectation that there will be no material escalation of geopolitical tensions, and that fuel supplies can be maintained. The Group’s strong financial position and robust balance sheet ensure it is well-positioned to respond to the current market environment and continue its strategic transformation. On this basis, TUI today confirmed its revised outlook from April 22 for the 2026 fiscal year at constant currency:

• TUI is temporarily suspending its revenue forecast (previous forecast: +2–4 percent; FY 2025: 24.2 billion euros).
• The Group expects underlying EBIT for the 2026 fiscal year to be in the range of 1.1 to 1.4 billion euros, with the ambition of reaching a level close to that of the previous year (previous forecast: +7–10 percent; FY 2025: 1.4 billion euros).

All figures stated are at constant currency.