Why did TUI stock fall after a Q1 earnings beat?

Despite beating on adjusted EBIT (€77.1 million vs €63 million consensus) and confirming FY26 growth, management flagged slightly softer bookings and kept guidance unchanged. Investors hoped for a stronger outlook, so shares dropped about 5% as expectations reset toward disciplined capacity and margin protection.

What stood out in TUI Q1 earnings?

Adjusted EBIT of €77.1 million marked TUI’s best Q1, with revenue at €4.9 billion. Management cited robust demand and sound pricing, confirmed FY26 EBIT growth of 7–10% at constant currency, and outlined a resumed dividend policy. The print highlights resilience but also a competitive European leisure market.

What does FY26 guidance signal for investors?

FY26 calls for 7–10% adjusted EBIT growth at constant currency, supported by summer plans, pricing, and cost control. It signals steady progress rather than aggressive expansion. The market will track bookings, load factors, and late-season pricing to judge whether upside to the range is attainable.

What is known about the TUI dividend policy now?

Management outlined a return to dividends, tied to profitability, leverage, and free cash flow. Specific payout levels were not detailed today. Investors in TUI stock should watch for updates at results days and consider how deleveraging progress could influence the timing and cadence of distributions.

Global Market Insights

TUI1.DE Stock Today, February 10: Q1 EBIT Beats, Shares Drop on Outlook

ByDanny Kontos February 10, 2026February 10, 2026

TUI stock drew attention today after TUI1.DE posted its best Q1 on record. Adjusted EBIT reached €77.1 million versus a €63 million consensus on €4.9 billion revenue, while management reaffirmed FY26 EBIT growth of 7–10% and outlined a return to dividends. Despite the beat, TUI stock fell about 5% as bookings looked a bit softer and the market hoped for a stronger outlook. For German investors, the update underscores resilient leisure demand but a competitive market that keeps expectations tight.