Iran War Hits TUI Profits: Stranded Cruise Ships and Higher Fuel Prices

TUI Group reported a 27% drop in quarterly EBIT to €233.8 million, with the Iran War costing roughly €20 million directly and an estimated €60 million over nine months. The conflict stranded cruise ships, drove repatriation costs, raised fuel prices, and dampened bookings, but momentum is recovering with booked revenue up 7% in the past four weeks.