Q1 2026 TUI AG Earnings Call Transcript
Key Points
- TUI AG (TUIFF) reported an increased EBIT of EUR26 million despite the impact of the Melissa hurricane in Jamaica.
- The company reaffirmed its EBIT guidance for 2026, projecting a growth of 7% to 10%.
- Strong demand was observed in the Holiday Experiences business, with occupancy rates and average daily rates showing growth.
- The cruise segment showed significant improvement with a 16% increase in capacity and occupancy nearing 100%.
- TUI AG (TUIFF) successfully launched its market entry in Romania, expanding its network and showing promising demand and margins.
- The Melissa hurricane in Jamaica led to hotel closures and flight cancellations, impacting results negatively by EUR19 million.
- Despite improvements, the company faced a EUR6 million negative impact in the Markets and Airline segment due to Jamaica-related issues.
- The company is still in the ramp-up phase in Jamaica, with occupancy rates 4% below last year for the second half of the year.
- Turkiye is experiencing challenges due to high inflation and currency devaluation, affecting demand.
- The company anticipates a higher interest payout in Q2 and Q4, which could impact financial results.
Thank you so much, and good morning, ladies, and gentlemen. It's my pleasure to welcome you to our first quarter 2026 results presentation here at the Congress Center in Hanover, where we will be holding our AGM later this morning. My name is Nicola, and I'm Group Director Investor Relations at TUI, and I'm delighted to be joined for the presentation by our CEO, Sebastian Ebel and our CFO, Mathias Kiep. We look forward to sharing with you the details of a very positive start to the new financial year, along with an update on current trading and the reconfirmation of our outlook.
In the interest of time, we will keep the presentation brief before we open the floor for your questions. We kindly ask you for your understanding that due to the AGM, we will need to limit the session for one hour. And with that, I have the pleasure to hand it over to Sebastian.
Thank you, Nicola. A very warm welcome from all of us here in
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