Saga Group’s river cruise operations are expected to return to profit this year while ocean cruise business is on track to meet 2023 targets, buoyed by strong bookings.
The over-50s specialist – which pulled away from the trade last year – said continued recovery of the global travel sector from the pandemic helped boost its revenue by 54% to more than £581 million in a recent trading update covering the year to 31 January.
The company saw an underlying profit last year with an outcome of £21.5 million against a loss of £6.7 million compared with the prior year.
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