Norwegian Cruise Sees Sharpest Profit Drop Among Rivals

Norwegian Cruise Line Holdings Ltd. cut its full-year adjusted earnings outlook, signaling it’s on track to be the cruise operator most affected by disruptions tied to the Middle East.

Its lowered adjusted earnings outlook marks the first annual decline since 2020 and the sharpest decline in expectations communicated by rivals Royal Caribbean Cruises Ltd. and Carnival Corp. Norwegian sees full-year earnings per share of $1.45 to $1.79, after adjusting for some items, down from $2.38 previously and worse than Wall Street’s average expectation of growth.