Holiday firm Tui has seen quarterly earnings plunge as cautious consumers continue to leave holiday bookings until the last minute amid uncertainty over the Iran war.
Pre-tax profits at Europe’s largest travel operator tumbled 43% to 153.4 million euro (£131 million) in its third quarter to the end of June, with the group hit by rising fuel costs due to the Middle East conflict and pressure to lower prices because of weak demand and increased competition.
