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Apply for travel industry jobs or place your own recruitment briefs.Saga buoyed by 'resilient' cruise bookings as tour op struggles
09 Apr 2020by James Chapple
Saga hailed the impact of the first of its two new-builds Spirit of Discovery, launched in August
Saga says its cruise bookings for the full-year to 31 January held firm, but warned there would likely be more pain to come for its tour operator business owing to the coronavirus pandemic.
The group confirmed on Thursday (9 April) underlying profits before tax across its travel division fell by £1.8 million for the full-year to 31 January from £21.6 million to £19.8 million.
Its cruise segment generated £10.6 million profit, up 54% from £6.9 million during 2018/19 thanks in part to the launch in August of the first of its two new-build ships Spirit of Discovery.
However, tour operator profits fell 37% from £14.7 million to £9.2 million, with Saga citing "weak customer demand" which would likely accelerate "due to the impact of Covid-19".
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