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

Tui, Europe's largest holiday operator, cut its profit forecast after the Iran war cost the company €40m, including repatriating nearly 12,000 guests and staff from two cruise ships in Abu Dhabi and Doha. The financial hit, primarily in March, forced the company to bring 5,000 guests home due to Middle East conflict disruptions.