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Cruise revamp costs Saga in first half

Operators
Gary Noakes
19 September 2019

Saga Group has seen profits from its travel arm slashed in the first six months of the year.

Two Scottish itineraries on Spirit of Discovery have been switched to southern England

Total travel earnings in the half year to July fell to £800,000 compared with a profit before tax of £13.1 million in the same period last year. Total travel revenue decreased slightly from £230 million to £219 million.

The profits fall is attributed to a £3.4 million loss from the cruising arm, compared to a £4.7 million profit in the same period last year. In addition, tour operating profits halved from last year’s £8.4 million.