Norwegian Cruise Cuts Forecast on Brexit, Europe Demand
- Caribbean prices, competitors’ discounts also weigh on outlook
- Zika having effect on ‘South American itineraires’: CEO
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Norwegian Cruise Line Holdings Inc. cut its forecast for profit this year and next as the cruise industry continues to grapple with the effects of terrorism, the Zika virus and Brexit.
Earnings this year will reach $3.35 to $3.45 a share, down from an earlier target of $3.65 to $3.85, Norwegian said Tuesday in a statement. The Miami-based company will also fall short of its earlier forecast of $5 a share for 2017.