The group referenced the failure of Monarch, stating that the board anticipated that there would be a "one-off exceptional cash cost associated with helping customers to organise alternative travel arrangements or providing refunds” and said it would update shareholders further on release of the Preliminary Results.
It added that it had Scheduled Airline Failure Insurance in place and remained focused on assisting its customers in the coming weeks and months that had booked to fly with the carrier.
The group also noted a “softness” in the weeks following the Barcelona terror attack in August, but said it had “exited the financial year with strong forward momentum”.
