Industrial group in aviation—current affairs update
Tui has seen a sharp drop in pre-tax profits in its third quarter as fuel costs rise amid the Middle East conflict. The group reports weaker bookings and higher costs, but notes some signs of recovery in demand and continued price pressure.
Ryanair has cut its 2027 passenger target from 216 million to 214 million to curb exposure to unhedged fuel amid rising oil prices driven by Middle East conflict. The carrier expects winter traffic to be flat but maintains optimism for a profitable summer as fuel hedges cushion most costs.