Norwegian Cruise cuts profit forecast as bookings lag on Middle East conflict
NCLH•Outlook and quarterly results
The company said it expects 2026 adjusted earnings per share to be around $1.50, compared with its prior forecast of $1.45 to $1.79 per share. Analysts on average were expecting $1.67 per share, according to data compiled by LSEG.
The company also now expects net yields to decline 5% for the year, compared with its prior forecast of a decline of 3% to 5%.
CFRA analyst Alex Fasciano said the forecast suggests that the pricing in Mediterranean markets may have weakened, following the Iran-Israel conflict, forcing cruise operators to offer discounts to maintain occupancy levels.
Revenue increased 4.9% to $2.64 billion for the quarter ended June 30, in line with analysts' estimates. Adjusted profit came in at 48 cents per share, compared with analysts' expectations of 39 cents.
Profit forecast trimmed amid weaker bookings
July 30 (Reuters) - Norwegian Cruise Line Holdings NCLH.N trimmed its annual profit forecast on Thursday and warned that bookings would remain soft for the year ahead, amid tension in the Middle East.
