The delivery of Spirit of Adventure, the second of two 58,250 gross ton cruise ships for Saga Cruises in the UK from Meyer Werft in Germany, is likely to be delayed but to take place within the next 12 months, parent company Saga plc said in a statement
“While there is uncertainty over the delivery date for Spirit of Adventure as a result of the COVID-19 crisis, the Group's expectation is that this will be completed within the next 12 months. This will complete the transformation of the Cruise business,” Saga said in a statement.
A delay of the delivery has been considered within planning scenarios and is not anticipated to significantly change the Group's financial position.
“Successful launch of Spirit of Discovery; financial performance in the first six months of operation wasconsistent with a full year objective of £40m of EBITDA. As at 31 January 2020, forward Cruise bookings for 2020/21 were at 80% of the full year target, ahead of internal expectations,” Saga stated.
