TUI AG (TUIFF) Q3 2026 Earnings Call Transcript

TUI AG (TUIFF) Q3 2026 Earnings Call August 12, 2026 3:00 AM EDT Company Participants Nicola Gehrt - Group Director of Investor Relations Sebastian Ebel - CEO & Chairman of Executive Board Mathias Kiep - Member of Executive Board & CFO Conference Call Participants Jamie Rollo - Morgan Stanley, Research Division Kate Xiao - BofA Securities, Research Division Leo Carrington - Citigroup Inc., Research Division Andre Juillard - Deutsche Bank AG, Research Division Karan Puri - JPMorgan Chase & Co, Research Division Cristian Nedelcu - UBS Investment Bank, Research Division Jurgen Kolb - Kepler Cheuvreux, Research Division Presentation Operator Good morning, and welcome to today's TUI Group Q3 Results Call. My name is Seb, and I'll be the operator for your call today. [Operator Instructions]. I now hand you over to Nicola Gehrt, Director of Investor Relations. Please go ahead. Nicola Gehrt Group Director of Investor Relations Thanks, Seb, and good morning, ladies and gentlemen. A very warm welcome to our fourth quarter 2026 results presentation here from the TUI Group campus in Hanover on this wonderful summer stage. My name is Nicola Gehrt, and I'm Group Director of Investor Relations, and I'm delighted to be joined for the presentation by our CEO, Sebastian Ebel, and our CFO, Mathias Kiep. Today, we are pleased to present to you a resilient set of Q3 results, highlighting the strength of our business in this challenging geopolitical environment. Following the presentation, we will open the floor for the Q&A. And with that, I have the pleasure of handing over to Sebastian. Sebastian Ebel CEO & Chairman of Executive Board Thank you, Nicola. And a very warm welcome also from my side and, of course, from Mathias with this beautiful picture of our hotel in Santorini. When we, 12 months ago, presented our outlook, our guidance, we assumed record profits, and we had excellent 5