Shares in Manchester based online travel agency On the Beach fell by 10pc as its suspended its annual adjusted pretax profit outlook of between thirty-nine million and forty-three million pound sterling.
The US-Israeli war with Iran causes a sharp slowdown in holiday bookings to Turkey, Greece, Cyprus, and Egypt. The company maintains limited direct exposure to the Middle East. Operational teams support impacted customers in resorts and facilitate returns home. The asset-light online model supports continued profitable trading and cash generation despite volatility.
The company provides support for customers in resorts and return arrangements.
Shaun Morton shared “Following the onset of the conflict in the Middle East, our operational teams have been working round the clock to support directly impacted customers in resort and to enable a return home as soon as possible”
