The over-50s specialist made the disclosure in a trading update on Tuesday (28 January), detailing the six months to 27 January 2020.
Saga’s full-year tour operator revenue is expected is expected to come in around 5% down on 2018/19, in line with half-year trading.
“We are seeing a much more resilient picture in those parts of the business where our customer proposition is truly differentiated, notably in escorted tours,” said Saga.
“The administration of Thomas Cook in the second half resulted in approximately £4 million of one-off costs, which will be taken below underlying PBT [profit before tax].”
