Its preliminary results for the full-year ended 31 January 2021 demonstrated a loss before tax of £61.2 million, reflecting a £59.8 million “impairment of travel goodwill in the first half”.
Underlying profit before tax was £17.1 million, against the backdrop of Covid.
The group reported a strong liquidity position, with total available cash of £75.4 million and an undrawn revolving credit facility (RCF) of £100 million as of 31 January 2021.
It added travel was “reset and ready to operate once restrictions are lifted” in 2021.
