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Norwegian Cruise Line Holdings (NCLH.N) cut its annual profit forecast on Monday, as the cruise operator battles surging fuel costs linked to ongoing tensions in the Middle East, as well as tepid demand for its sea voyages.
Shares of the company slumped 6% in premarket trading. They have fallen nearly 16% so far this year.
The company said disruptions in the Middle East have increased its fuel expenses and also forced consumers to reevaluate travel plans, particularly to Europe.
The company expects adjusted profit for fiscal 2026 to be between $1.45 and $1.79 per share, compared with its prior forecast of $2.38 per share.