Travel and insurance group Saga informed that it has experienced an elevated level of near-term cancellations for its cruises and tours because of the coronavirus epidemic. In fact, its passenger tour bookings fell about 20% in comparison to 2019.
The most significant impact was felt in recent weeks.
As Reuters reports, Saga had more cruise cancellations for departures in the near-term, as well as a lower level of bookings for departures, despite the fact that its two most recent departures had load factors of about 80%.
The evolution of Covid-19 and the impact this will have on full year earnings for 2020/21 cannot be predicted with any certainty at the current time
Nevertheless, Saga’s insurance business is expected to remain largely unaffected, with the company clarifying that underlying profit before tax is expected to be in line with expectations.
Coronavirus updates
The new coronavirus has cost the lives of 3,383 people, while confirmed cases exceed 98,000. What is more, except from China, coronavirus cases have been reported in other countries in Asia, such as Malaysia and Japan, in Australia, Germany, France, Italy, the UK, the US and Canada, among others.
Prevention
There is currently no vaccine to prevent 2019-nCoV infection. The best way to prevent infection is to avoid being exposed to this virus. However, as a reminder, CDC always recommends everyday preventive actions to help prevent the spread of respiratory viruses, including:
- Wash your hands often with soap and water for at least 20 seconds. If soap and water are not available, use an alcohol-based hand sanitizer.
- Avoid touching your eyes, nose, and mouth with unwashed hands.
- Avoid close contact with people who are sick.
- Stay home when you are sick.
- Cover your cough or sneeze with a tissue, then throw the tissue in the trash.
- Clean and disinfect frequently touched objects and surfaces.
These are everyday habits that can help prevent the spread of several viruses.
