SSP sinks to another heavy loss as the Covid restrictions bite (Aaron Chown / PA)Upper Crust owner SSP has warned it does not expect to recover to pre-pandemic levels for another three years as it sunk to a heavy loss. The company was heavily hit due to lockdowns and decimated passenger numbers in travel markets. They added that renewed travel restrictions, largely in India and Thailand, were continuing to weigh on the group and it expects third-quarter sales to be down around 75% on 2019. However, net debt is now at £2 billion, compared with £692 million at the end of September 2020. Since the end of March, the company has reopened 250 units, taking the total number of sites open to around 1,150.

Source: Irish Independent June 09, 2021 07:07 UTC