TUI AG Q2 2025 Results Reflect Resilience Amid Easter Shift and Market Challenges

TUI AG has reported its Q2 2025 results, adjusted for an Easter shift into Q3, maintaining its underlying EBIT guidance for FY 2025. Group revenue rose by 1.5% to €3.7bn, bolstered by strong Travel & Tourism demand. Despite an underlying EBIT of €-206.8m, TUI noted a €14m improvement when excluding the €32m Easter impact.

The company's Hotels & Resorts segment showed operational gains, Cruises achieved a record EBIT with the addition of two new ships, and TUI Musement experienced a +26.5% EBIT improvement. Markets + Airline saw a -39m EBIT impact due to Easter's timing. TUI's net debt improved by €0.1bn to €3.0bn as of March 2025.

The successful refinancing of its €1.9bn sustainability-linked Revolving Credit Facility and recent credit rating upgrades to BB- by S&P and Ba3 by Moody's reflect its strategic progress. TUI reaffirms a FY 2025 EBIT growth expectation of 7% to 10%, supported by robust Summer 2025 bookings.