FIRST
Choice has slashed capacity by 15% for May and June in light of events in the
Gulf but has failed to see any significant uplift in confidence from the City
as a result.

The
company’s share price plunged to its lowest figure in years after its trading
announcement, initially falling to 64.5p then recovering to 68p today (Friday).

First
Choice chief executive Peter Long said a prudent approach to capacity
management, stringent cost controls and a flexible model were vital with an
uncertain political situation and trend for late bookings.