Join our community of smart investors

Saga’s recovery odyssey continues

An end to Saga's turnaround saga is almost in sight
September 27, 2023
  • Cruising and travel stages recovery
  • Insurance still pinned by claims inflation

Results for cruise and insurance company Saga (SAGA), which caters for those in the autumn of their lives, were scrutinised for solid evidence that the group has started to recover from the worst of the external shocks it has had to endure over the past three years. Some green shoots were apparent, particularly in the cruise and travel division which saw revenue increase by 45 per cent during the half to £197mn, as more consumers ditched their inhibitions and decided to splash out on an affordable luxury holiday.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in