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TUI now expects underlying earnings of €1.2 billion to €1.3 billion, tighter than April’s range of €1.1 billion to €1.4 billion, which was set after the Iran war disrupted travel to the region. Summer booked revenue in its Markets + Airline segment is down 5% and winter is trailing 7%, but the last four weeks were stronger, with booked revenue only 1% behind. Customers are booking later than usual because of the war and economic uncertainty. For travellers, this can mean last-minute deals, but also less certainty.
