Travel was a bright spot among Saga Group’s 2018 results, with the division achieving a record £21.1 million pre-tax profit for the year ending January 31, up 2.4%.
Travel revenue rose 1.9% to £457.4 million, but passenger carryings were static at 176,000.
Overall, Saga Group saw underlying profit before tax fall 5.4% to £180.3 million.
Group chief executive Lance Batchelor said results were in line with expectations, but added: “The long-term challenges we face and the results demonstrate that Saga cannot grow without a clearly differentiated offering to its customers."
In travel, this will mean more of a focus on cruise and “differentiated experiences”.
