Published on : Friday, April 3, 2020
Saga suspended all cruises in mid-March until at least May 1st.
The company said it was possible its ships would not return to the seas until late summer, followed even then by a slow recovery.
The new chief executive, Euan Sutherland said that along with all other travel businesses, our travel business has been significantly impacted.
They have acted quickly to ensure the health and wellbeing of their customers and colleagues and, following the government’s advice on cruise ship and air travel, they have suspended their cruise and tour operations.
Sutherland said the worst-case scenario was unlikely to come to pass.Saga is ready to start sailing as soon as the travel advice changes.
They had outlined some prudent planning scenarios to investors – they are not a prediction as to when travel will resume.
Saga also confirmed it had been notified by Meyer Werft that disruption arising from Covid-19 may delay delivery of a second new ship, Spirit of Adventure which is currently due to commence operations in August.
This eventuality has been considered within planning scenarios and is not anticipated to significantly change the financial position of the group.