In total, 22 profit warnings were issued by FTSE travel and leisure companies in the first three-quarters of 2022 compared to nine in the same period of 2021 and 11 in the whole of 2021.
The sector issued nine warnings in Q3 2022 alone, the highest quarterly total since Q2 2020, with rising costs featuring in six of the sector’s warnings.
Across all FTSE sectors, 86 profit warnings were issued between July and September 2022, compared to 51 in the same period of 2021, an increase of 69% and a 34% increase from Q2 2022 when 64 warnings were issued.
