TUI has issued a new jet fuel update for passengers with summer holidays booked, amid fears of an aviation fuel shortage that could impact summer travel. The travel giant, which operates flights from Birmingham Airport, spoke out on Wednesday, April 22, addressing concerns over fuel supply disruptions.
TUI's Fuel Hedging Strategy
TUI confirmed that it has hedged 83 per cent of its jet fuel requirements for summer 2026 and 62 per cent for winter 2026/27. Additionally, over 80 per cent of the financial year 2026 energy costs have been hedged for TUI's cruise businesses. This proactive approach aims to mitigate the impact of volatile fuel prices and potential supply issues.
In its trading update released to the market, TUI stated: "Despite the volatile geopolitical backdrop, TUI remains well positioned. The Group’s strong financial position and robust balance sheet provide flexibility to navigate the current environment while executing its strategic transformation."
Guidance and Monitoring
The company added that its guidance adjustment is based on current trading conditions and assumes no material escalation in geopolitical tensions, as well as the maintenance of fuel supplies. Management continues to closely monitor developments and their potential implications. TUI will provide a further update when it publishes its Q2/H1 results on 13 May 2026.
This announcement comes weeks after TUI revealed that its cruise ships would remain in the ports of Abu Dhabi and Doha, with all itineraries for these vessels cancelled until mid-May 2026, due to the ongoing conflict in the Middle East involving the US, Israel, Iran, and Lebanon. On 19 April, during a pause in hostilities, both ships were able to leave the Persian Gulf safely with coordination and approval from authorities. They will now commence their summer season itineraries in the Mediterranean from mid-May.
Strong Booking Environment
TUI also noted that trading for the remainder of its TUI Cruises and Marella Cruises fleet continues to reflect a sustained, strong booking environment, following a very positive Wave Season. The company competes with airlines such as Easyjet, Wizz Air, Lufthansa, Ryanair, Jet2, and British Airways.
Passengers with summer holidays booked through TUI are advised to stay informed via official channels as the situation develops.
