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The Independent UK
The Independent UK
Business
Holly Williams

Tui profits slump as travellers avoid flying during Middle East conflict

Holiday operator Tui has seen its quarterly earnings drop sharply as cautious consumers continue to delay booking their trips until the last minute amid ongoing uncertainty surrounding the Iran war.

Pre-tax profits for Europe’s largest travel company fell 43 per cent to €153.4 million (£131 million) during its third quarter to the end of June.

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