Norwegian Cruise Line Cuts Profit Forecast on Fuel Costs
Norwegian Cruise Line has reduced its adjusted earnings forecast to $1.45–$1.79 per share, down from a prior estimate of $2.38, citing rising fuel costs driven by Middle East tensions. The revised outlook reflects the impact of geopolitical instability on operational expenses for the cruise operator.
Key facts
- Norwegian Cruise Line slashed its profit forecast.
- Adjusted earnings now expected at $1.45 to $1.79 per share.
- Previous forecast was $2.38 per share.
- Middle East tensions are driving up fuel costs.
- Fuel cost increases are affecting the cruise operator's profitability.
Entities
Institutions
- Norwegian Cruise Line
Locations
- Middle East
Sources
- Quartz —