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.
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).
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.
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