Cruise and tour operator All Leisure (ALLG:AIM) looks to be on course for another weak year after it warns trading conditions are expected to remain ‘very challenging’ in view of the escalating conflict in the Middle East and recent acts of terrorism.
It says geo-political strife and terrorism could affect consumers’ propensity to travel, sending shares in the £3.6 million cap plunging 17.4% to 4.8p.
Profit before tax for the year ending 31 October 2015 will be broadly neutral due to better late bookings for September and October departures, but revenues across all its divisions have fallen.
Total group revenue has fallen by £11.6 million to £127.3 million, partly due to the sale of the vessel ‘mv Discovery’ in October 2014.
Cruise division revenues are down by £2.2 million as a result of maintenance periods for both Voyager and Minerva in the first half year, while revenue from the Tours division declined by £5.1 million due to lower passenger numbers.
Earlier this year All Leisure said the conflict in Syria has reduced the number of tour bookings to Turkey by 54%, while ongoing troubles in the Ukraine affected cruises in its key Black Sea area.