$SAGA.L (Saga PLC) cruise arm sees bookings boom as it considers stake sale
Saga said its cruises business is “approaching optimum capacity” after a boom in sales, as the self-styled “superbrand for older people” considers selling a stake in the division.
Saga said it’s on track to see underlying profits more than double, thanks mostly to the travel and cruises arms. Cruise revenue is up 30% and bookings for next year are set to be even stronger.
“We are exploring opportunities to optimise the business, including potential partnership arrangements which, consistent with our move to a capital-light business model, would support further growth, crystallise value, reduce debt and enhance long-term returns for shareholders,” Saga said.... Show More
