Travel as a whole lost £79.3 million in the 12 months to 31 January 2022, compared with a loss of £78.5 million the previous year.
Saga’s cruise business was suspended until 27 June 2021, when it resumed UK sailings with a limited number of guests onboard. UK restrictions were lifted in the summer and limited international sailing commenced.
Saga said: “In spite of these headwinds, customer demand remained strong.” It added the cruise business had been profitable in the second half with a load factor of 68% and per diem of £299.
The brand’s tour operations had not seen demand return so readily, it said.
