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Collapse of Monarch Air Costs Baby Boomer Specialist Saga $2.7 Million

By Joe Easton, Bloomberg

Saga

The Saga Sapphire cruise ship. The parent company specializes in offering financial services and vacations to the over-50s. Saga

Skift Take: Saga’s woes seem to be a direct result of Monarch’s collapse rather than a Brexit wobble. Having reaped plenty of financial rewards over the years, it seems baby boomers are still looking to splash their cash on vacations.

— Patrick Whyte

Shares of Saga Plc, the U.K. provider of cruise-ship holidays and financial services for the over-50s, plunged after the company warned of an unexpected earnings drop next year and disclosed a 2 million-pound ($2.7 million) bill related to …read more

From:: Skift

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