TUI AG (TUI1) Earnings Call Transcripts

TUI AG's Latest Earnings Call - Q2 FY2026

TUI AG reported strong Q2 results for fiscal year 2026, with underlying EBIT growth for the 14th consecutive quarter despite challenges from the Iran war and Jamaica hurricane. Revenue remained stable, with a slight increase in constant currency terms, while management adjusted guidance for the full year to a range of EUR 1.1 billion to EUR 1.4 billion, reflecting cautious market conditions. The company emphasized the importance of its transformation initiatives and AI integration in driving operational efficiency and customer engagement.

Reported metrics

Guidance from management

Management confirmed the guidance range of EUR 1.1 billion to EUR 1.4 billion, citing challenges in summer bookings and geopolitical impacts as key factors influencing this outlook.

What management said

I mean the margin overall is improving. And there's a mixture. There is not 1 big or 2 big things. It's all the matters here and their efficiency, cost reduction, less HR cost, less IT cost. So it's a mixture of all, but also we have seen for the first time the distribution costs are lowering in the recent months. And that's a what I mean that the transformation is not a single thing. It's working on a lot of areas...

And then maybe on the CapEx plans for next year, I mean, naturally, we're giving guidance at the end of the year with a view then towards 2027. -- what are the elements that we already know today and that is 2 components: one, a lot of the hotel projects, and that's something we discussed already with the view to '26 they're online and they will be kind of executed the same on the Boeing delivery portfolio and the at...

What analysts pressed on

Analysts expressed concerns regarding the 7% decline in booked summer revenues and the potential impact of geopolitical events on consumer confidence. There were questions about the effectiveness of capacity management strategies amid changing market dynamics.

Main topics on the call

• Revenue Stability — TUI reported revenue in line with last year, slightly up on a constant currency basis. CFO Mathias Kiep stated, "the underlying EBIT up significantly, and this is post the impact of the Iran war," indicating resilience i...
• Guidance Adjustment — Management adjusted its full-year guidance to EUR 1.1 billion to EUR 1.4 billion due to lower summer bookings and the impact of geopolitical events. CEO Sebastian Ebel noted, "we had to change the guidance in April, and ...
• Transformation Progress — The transformation initiatives are yielding positive results, with the company achieving its strongest H1 to date. Ebel remarked, "the transformation is gaining momentum," emphasizing the role of AI in improving operatio...
• Cruise Performance — Cruise operations showed strong demand, with Ebel stating that bookings are "almost as booked as before" despite challenges. The cruise segment is expected to continue growing, supported by new capacity and strong custom...

Read the full TUI AG transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 34 TUI AG earnings call transcripts on record, spanning February 7, 2020 to August 12, 2026. Based on this history, TUI AG reports quarterly. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TUI1

Exchange

XTRA

Country

DE

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

34

First call

February 7, 2020

Most recent

August 12, 2026

Reporting cadence

quarterly