Viajes El Corte Inglés obtained revenues of 1,263 million euros in the first half of its 2026-2027 fiscal year (from March 1 to August 31), practically matching the 1,262 million of the same period the previous year, despite tensions in the Middle East, according to what is stated in the results presentation released by the group.
The travel business reached a total transaction value (TTV) of 2,076 million euros, compared with 2,049 million in the first half of the prior fiscal year, which implies an advance of 1.3%.
By business area, the leisure segment generated revenues of 1,013 million euros, 0.3% below the figure recorded one year earlier, while the corporate travel division added 250 million euros, with an increase of 1.5%.
The company emphasizes that both the transaction value and the division’s revenues reflect stable development, supported by the performance of the businesses operating under the agency model, such as ticket sales.
However, revenues grew below the total transaction value due to the performance of the business’s own-account leisure operations, which was conditioned by the conflict in the Middle East and hantavirus, as the company details.
Gradual recovery of bookings
Regarding the booking dynamics, El Corte Inglés highlights a gradual recovery over the course of the half-year. Between March and May there was a year-on-year decline of 2.6%, while between June and August there was a rebound of 1.9%, which shows an improvement in activity after the initial impact of the conflict in the Middle East.
Across the entire group, El Corte Inglés reached net profit of 249 million euros in the first half of its 2026-2027 fiscal year (from March 1 to August 31), representing an increase of 11.5% compared with the same period the previous year, while it also achieved total revenue volume of 8,404 million euros, 2.3% more.
The group has emphasized that it continues on the path of growth after closing its first half with “significant” increases in both sales and results.
The business figure stood at 7,230 million euros, with a 2.6% rise on a comparable surface basis, while operating gross result (Ebitda) reached 562 million euros, 4.2% more than in the prior fiscal year, and recurring net profit arrived at 210 million, after advancing 9.1%.