On the Beach cuts profit outlook as Iran war hits demand
On the Beach lowered its profit forecast as the Iran war reduces travel demand. Shares fell 14.5 percent as the group warned of a lasting impact on consumers.
Xurve View
Insights:
Xurve View
ON THE BEACH GROUP PLC shares fell 18% on Tuesday after the travel group cut its annual profit forecast by 48%. The United Kingdom package holiday firm lowered its pretax profit guidance to between £18 million and £25 million. Geopolitical instability in Iran is reshaping consumer travel patterns, forcing investors to re-evaluate the recovery timeline for European tourism.
