The business revealed in a trading update for the period from August 1 to December 5, 2017 that the Monarch Airlines administration had impacted its underlying profit.
The group’s growth in underlying profit before tax is expected to be between 1% and 2% for the year ended January 31, 2018, but this has been impacted by "more challenging trading in insurance broking during the period and the Monarch Airlines administration", the company said.
Saga said in the statement: “Our travel segment continues to trade well and is expected to be strongly ahead of the prior year.
