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.