Tui cuts profit guidance after £34.8m hit from Iran war disruption

Holiday giant Tui has hailed the highest annual earnings in its history, but forecast more modest sales growth in the year ahead as it flagged a challenging trading backdrop (Alamy/PA) -

Holiday giant Tui said the Iran war cost it around 40 million euros (£34.8 million) last month after it was forced to repatriate thousands of holidaymakers and staff.

Europe’s largest travel operator cut its profit forecast and suspended revenue guidance as a result, sending it shares lower.