TUI stock: Fly4 enters provisional liquidation in Ireland

Published on 11/13/2026 at 18:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TUI stock is in focus after its Fly4 joint venture entered provisional liquidation in Ireland. Court filings cited fuel costs and a first-nine-month loss at the carrier.

Fly4 liquidation raises financial questions

Fly4 Airlines Green entered provisional liquidation after financial difficulties linked to higher fuel costs and the US-Iran war.
The carrier had forecast a 3 million euro profit for 2026 but reported a 1.1 million euro loss for the first nine months.
TUI holds 49 percent of the Dublin-based joint venture, while Enter Air owns 51 percent.

TUI, DE000TUAG505, Illustration mit AI erstellt.

Fly4 Airlines Green, a joint venture in which TUI holds a 49 percent stake, entered provisional liquidation in Ireland on November 11. The Irish High Court appointed Mark Degnan and Brendan O'Reilly of Interpath as joint provisional liquidators after the Dublin-based carrier sought protection for its assets and aircraft.

The Irish Examiner reported that Fly4 had initially forecast a 3 million euro profit for 2026, but recorded a 1.1 million euro loss in the first nine months. Chief Financial Officer Douglas Fay attributed the shortfall to the impact of the US-Iran war and higher fuel costs.

Cash position and aircraft exposure

Fly4 had cash of 2.7 million euros, while its underlying cash costs ran at 2.5 million to 3 million euros per month. The company also faces an estimated 4 million euros of heavy-maintenance exposure over the following six months.

The carrier operates four Boeing 737-800 aircraft under lease arrangements in Turkey, Germany and Belgium. The court heard that an insolvency event could give lessors rights to repossess or require the return of aircraft, adding to the pressure on the venture. Enter Air owns the remaining 51 percent.

Share price and investor context

TUI stock traded at 7.51 euros on Lang & Schwarz at 18:17 CET on Friday, November 13, 2026, 0.13 percent below the Xetra close of Friday, November 13. The Fly4 proceedings add a specific aviation exposure to the wider assessment of TUI's tourism, hotel and cruise businesses.