German leisure travel giant navigating demand jitters
Flights from Gatwick were diverted after a late-night technical fault prompted a temporary runway closure. Several planes landed safely at alternate airports, with passengers facing delays and disrupted onward travel; authorities emphasise safety as the priority.
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.
Oil prices have risen amid renewed tensions as talks over reopening the Strait of Hormuz face a stalemate. Iran demands compensation and sanctions relief, while US pressures persist. Brent near $90 and US crude around $82, with market participants watching for any breakthrough.