"Travel Giant Tui Takes a €40m Hit as Iran Conflict Disrupts Holiday Plans The ongoing conflict in the Middle East has dealt a significant blow to Europe's largest holiday operator, Tui. In a move to ensure the safety of its customers and staff, the company has been forced to repatriate nearly 12,000 people from destinations across the region, including two cruise ships anchored in Abu Dhabi and Doha. This massive undertaking has come at a steep cost, with Tui estimating a €40m loss, largely absorbed in March. The financial hit has also led the company to revise its profit forecast for the year, a stark reminder of the far-reaching consequences of global conflicts on businesses and travelers alike."
Firm had to repatriate almost 12,000 guests and staff, including from two cruise ships in Abu Dhabi and DohaBusiness live – latest updatesThe Iran war has cost the travel company Tui €40m (£34.7m) so far, including repatriating almost 12,000 holidaymakers and staff, and forced it to cut its profit forecast for this year.Europe’s biggest holiday operator said it had taken the hit in March owing to the impact of the conflict in the Middle East, as it was forced to bring home 5,000 guests from two cruise ships anchored in ports in Abu Dhabi and Doha. Continue reading...
