Norwegian Cruise Line cuts annual profit forecast
NCLH•Forecast cut on softer demand
July 30 (Reuters) - Norwegian Cruise Line Holdings NCLH.N trimmed its annual profit forecast on Thursday and said demand remained under pressure amid softer booking trends.
Shares of the company fell about 5.7% in premarket trading.
Cruise operators are seeing a slowdown in new bookings as looming geopolitical uncertainties and higher airfare to reach starting destinations keep consumers away from reserving high-end trips and private island getaways.
Costs and investment pressures weigh on outlook
"While we are confident in the strength of our brands and the long-term benefits of the actions underway, we are still in the early stages of our turnaround," said CEO John W. Chidsey.
Norwegian Cruise Line has been working on cost-savings measures such as streamlining its supply chain. It also saw pressure from increased investments related to ship maintenance, more dry dock days and new fleet expansions.
The company expects fiscal 2026 adjusted earnings per share to be around $1.50, compared with its prior forecast of $1.45 to $1.79 per share. Analysts expected annual profit of $1.67 per share, according to data compiled by LSEG.
