Tui cuts profit forecast as effects of Iran war cost travel group €40m

Firm had to repatriate almost 12,000 guests and staff, including from two cruise ships in Abu Dhabi and Doha The Iran war has cost the travel company Tui €40m (£34.7m) so far, including repatriating almost 12,000 holidaymakers and staff, and forced it to cut its profit forecast for this year. Europe’s biggest holiday operator said that it had taken the hit in March owing to the impact of the conflict in the Middle East, as it was forced to bring home 5,000 guests from two cruise ships anchore...

By Mark Sweney