Saga announced it was discussing debt levels with lenders, with stocks falling 1.51% on Tuesday morning.
However, despite the negative effects businesses have seen throughout the pandemic, cruise operators have reported a surge in bookings amid the vaccine rollout.
Saga said lenders were “supporting” as lenders saw a net jump from £139 million to £785 million from £785 million since July.
Saga CEO Euan Sutherland said: “We have made good progress in realizing our new strategy against the backdrop of the challenges that Covid-19 Pandemic has brought to our business.
“The insurance remains resilient, but within the trip we focus on ensuring the safest possible environment for guests when cruises and holidays resume, while still adequate costs up until then I manage.
“We are confident in our strategy, our brand strength, our customers’ loyalty and economic resilience.
“We know they’re ready to travel in large quantities and fill their lives as vaccine programs roll out. We focus on providing customers with a better experience. So I’m excited for future opportunities.”
Last week, Sage said that all customers traveling this summer should be vaccinated. This group must get both shots of the vaccine at least 14 days before the trip and provide a negative covid test upon departure.
Nick Stace, CEO of Saga’s Travel Arm, commented: I got my second vaccination. ”
SAGA stocks (LON: SAGA) trade -3.99% at 266,72 (1133GMT).
