Lastminute.com sees 17K bookings affected by Iran war

Lastminute.com has had 17,000 bookings affected by the war in Iran.

The disclosure came as the OTA revealed that annual profits fell by a quarter last year despite a rise in revenues.

The company reported a 26% decline in net profit to €11.5 million over €15.7 million achieved in 2024.

The result came as revenues grew by 15% to more than €361 million against €313.7 million in the previous year.

The conflict in the Middle East “disrupted travel flows due to airspace closures and shifting sentiment, affecting approximately 17,000 bookings,” lastminute.com reported.

However, the company added: “The total volume of affected regional travel at this point in time is comparable to just over a day and a half of our normal daily business operations.

“While geopolitical uncertainty can influence destination choices and conversion timing, overall intent to travel remains high.

“Consumers are increasingly seeking reassurance and flexibility and early booking patterns indicate some rebalancing in traveller preferences.

“Demand is shifting towards alternative destinations, such as the Canary and Balearic islands, as well as Sicily, Sardinia and other European city breaks.”

Chief executive Alessandro Petazzi said: “We continue to closely monitor the evolving situation in the Middle East, with supporting our customers remaining our top priority.

“At the same time, lastminute.com’s flexible, pan-European model enables us to adapt quickly as travel patterns evolve, with demand naturally rebalancing across destinations.

“This positions us well to respond to changing preferences and continue delivering value to travellers across our core markets.”

The company added: “Management remains vigilant regarding the geopolitical situation in the Middle East.

“The group maintains its previously issued FY 2026 financial guidance of approximately 10% growth in revenues and adjusted Ebitda [earnings]. Management will continue to evaluate market dynamics and monitor operational impacts.”