Pale Fire disclosed 3.00% TUI stake and TUI stock costs EUR 6.65

Published on 10/12/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pale Fire crossed 3.00 percent of TUI voting rights on September 29, 2026. TUI stock costs EUR 6.65 on October 12, 2026 versus its EUR 9.56 high.

Key points in brief

Pale Fire Capital disclosed a 3.00 percent TUI voting-rights stake reached on September 29, 2026.
TUI narrowed fiscal 2026 underlying EBIT guidance to EUR 1.2 billion-1.3 billion on September 22, 2026.
TUI stock was at EUR 6.65 at Lang & Schwarz on October 12, 2026, while market capitalization stood at EUR 3.4 billion.
TUI will publish fiscal 2026 results on December 9, 2026.

Makroaufnahme von feinem Sand mit Wassertropfen und Muschel am Strand — TUI AG (DE000TUAG505) Makroaufnahme zeigt feinen weißen Sand mit Wassertropfen und einer Muschel am Strand, Illustration mit AI erstellt.

TUI (ISIN DE000TUAG505) stock costs EUR 6.65 at Lang & Schwarz on October 12, 2026 at 10:31 a.m. CEST. Pale Fire Capital had reached 3.0046 percent of TUI voting rights on September 29, 2026, according to TUI Group in its October 8, 2026 disclosure.

Stake reaches 3.00 percent

The notification identifies Pale Fire Capital SICAV as the shareholder and lists 15,246,387 voting rights for TUI. The disclosed holding gives the Czech investment group a visible position in Germany's largest listed tourism operator, but the filing does not describe an operational agreement or strategic demand.

The market backdrop remains mixed. TUI's market capitalization was EUR 3.4 billion as of October 12, 2026, while its 52-week range was EUR 6.08-9.56. The current price therefore sits EUR 2.91 below the yearly high, a 30.44 percent gap calculated against EUR 9.56.

Three dates frame the story

On August 12, 2026, TUI reported Q3 fiscal 2026 underlying EBIT of EUR 234.6 million, according to EQS News. On September 22, 2026, the company tightened fiscal 2026 underlying EBIT guidance to EUR 1.2 billion-1.3 billion from EUR 1.1 billion-1.4 billion, while booked revenue for winter 2026/27 stood 7.00 percent below the prior season in the update.

On September 29, 2026, Pale Fire Capital crossed the 3.0046 percent voting-rights threshold, with the disclosure published on October 8, 2026. The sequence puts the new stake alongside a narrower earnings range and a share price still below its yearly high.

What does the stake change?

The filing changes the ownership map more directly than the operating outlook. TUI's latest guidance implies a midpoint of EUR 1.25 billion for fiscal 2026 underlying EBIT, compared with a EUR 1.25 billion midpoint under the earlier range, but the narrower band reduces the published spread from EUR 300.0 million to EUR 100.0 million.

Analyst sentiment is not uniformly bullish. Finanznachrichten reported on October 2, 2026 that Barclays kept an Overweight rating but cut its target from EUR 9.75 to EUR 8.75. The revised target remained EUR 2.10 above the Lang & Schwarz price, although the currencies and venues differ from the Xetra reference used for the daily comparison.

Next reporting date

TUI is scheduled to publish its fiscal 2026 results on December 9, 2026, with an investor and analyst presentation on the same date, according to EQS News. The next results will show whether the tighter guidance is supported by bookings, pricing and margin performance.

Stock stays below yearly high

TUI stock was trading at EUR 6.65 at Lang & Schwarz on October 12, 2026 at 10:31 a.m. CEST, down EUR 0.05 or 0.75 percent versus the Xetra close of October 9, 2026 at EUR 6.70. The quote remains EUR 2.91 below the 52-week high of EUR 9.56.

The further course of trading is shown by the continuously updated real-time quote of TUI stock.