Saga warns on profits after suspending cruises

Truman Slate

Saga has suspended its cruise functions till Could one following the spread of coronavirus and warned that the go will hit profits.

The journey and insurance coverage specialist explained the go follows up to date suggestions from the Federal government advising people aged 70 and over and those with pre-present health and fitness problems from likely on cruises.

Customers who ended up owing to journey in the following six months will be offered  possibly a whole refund or credit history for a upcoming departure.  

Saga explained that although cancellations experienced greater in modern months, demand for cruises was “pretty positive”, with bookings of about 80pc of its product sales concentrate on for the year.

Suspending its cruise functions for the following six months would decrease gain in the division by in between £10m and £15m.

The organization explained that while the journey natural environment was “unsure”, it had significant liquidity

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