Saga hit by £61m loss as Covid takes toll on tours and cruises

Travel and insurance firm cut more than a third of its workforce in 2020Coronavirus – latest updatesSee all our coronavirus coverageSaga, the travel and insurance company for the over-50s, has revealed it made a £61m loss before tax last year after the Covid-19 pandemic prevented it from operating its tours and cruises and forced it to refund customers.The company cut more than a third (36%) of its workforce during 2020, as it moved to slash costs, while it also raised £150m from shareholders in September. Continue reading... https://www.theguardian.com/business/2021/apr/07/saga-hit-by-61m-loss-as-covid-takes-toll-on-tours-and-cruises #travel_&_leisure #insurance_industry #business #uk_news #coronavirus #cruises #travel