TUI Achieves Strong Q1 Performance, Reaffirms FY26 Guidance

TUI AG reported a solid Q1 for FY26, achieving an underlying EBIT of €77m, marking a growth of €26m compared to Q1 2025. Group revenue rose slightly by 1.3% at constant currency to €4.9bn, indicating strong demand across its diverse product portfolio.

The company's Cruises segment was a notable performer, with a 70.8% rise in underlying EBIT driven by high demand and fleet expansion. TUI Musement posted a €2.8m increase in underlying EBIT due to higher volumes, while Markets + Airline recorded a €10m improvement, benefiting from operational efficiencies.

Despite challenges like a €10m loss due to a hurricane in Jamaica, TUI continues to show financial resilience, decreasing its net debt by €500m to €3.6bn. The company remains committed to its FY26 guidance, aiming for a 7-10% increase in underlying EBIT growth, largely fueled by expectations for Summer 2026.