All Leisure is relying on further integration of its tour operating and cruise businesses to help it cope with difficult trading conditions.
Releasing a trading statement this week, it said it expects to report a "modest" pre-tax profit for the year ended October 31 2012.
The group said it cannot underestimate the strategic importance of its acquisition of Page & Moy Travel Group in May.
"Whilst restructuring costs will be incurred in the short term, the board is confident that the synergy benefits that it has identified will deliver a strong contribution to the bottom line in future years," it said.
It said maximising synergies between the two groups should help counteract the negative impact of:
– unprecedented natural disasters and geo-political events
– double dip recession
– reduced discretionary customer spending
– persistent low interest rates
– increased oil prices and weak Sterling, all of which are further exacerbated by increased Air Passenger Duty.
