Norwegian Cuts Outlook, Cancels Israel Sailings Through 2024
- Israel-Hamas war and Maui fires caused trip cancellations
- Full-year earnings cut by 7 cents, missing expectations
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Norwegian Cruise Line Holdings Ltd. cut its full-year earnings outlook as the Israel-Hamas war and a deadly wildfire in Hawaii prompted cancellations, making it the first major US operator to lower its forecast this reporting season.
Adjusted earnings are now expected to be about 73 cents per share this year, Norwegian said in a statement Wednesday, down from about 80 cents in its prior outlook and below analysts’ expectations of 78 cents. The cruise company’s third-quarter earnings beat expectations and sales were in line with estimates.