Saga restructures travel Industry after cutting profit forecasts
Jan 4 (Reuters) – Saga has restructured its travel industry, after the tourism and insurance company group for the over 50s stated last month that the failure of Monarch Airlines’d hit its excursion operations.
Saga stated that Robin Shaw had been appointed CEO of Saga Travel, adding it would combine the tour surgeries and cruise functions. Shaw was formerly CEO of Saga Cruises.
The business stated Gary Duggan would take over from Roger Ramsden as head its own retail agent, of Saga Services and managing director of its excursion operations, Jeannette Linfoot , had left the business.
In an trading update Saga stated trading in insurance broking and also the collapse of Monarch Airlines would limit profit growth in the year to the end of January 2018. (Reporting by Noor Zainab Hussain at Bengaluru; Passing by Susan Fenton)
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