HomeBusinessNorwegian Cruise Line (NCLH) earnings Q2 2022

Norwegian Cruise Line (NCLH) earnings Q2 2022

The Norwegian Pearl uses the turning basin as it docks at PortMiami on January 05, 2022 in Miami, Florida.

Joe Raedle | Getty Images

Shares of Norwegian Cruise Line fell more than 10% on Tuesday after the company reported second-quarter results that lagged pre-pandemic levels and warned of persistent volatility ahead.

The company reported revenue of $1.19 billion and an adjusted loss per share of $1.14 for the period, improvement from the second quarter of 2021 before voyages had resumed, but still far short of the $1.66 billion in revenue and earnings per share of $1.30 from the same quarter in 2019.

It expects third-quarter revenue between $1.5 billion and $1.6 billion, down from $1.9 billion in Q3 2019, and still anticipates a net loss due to costs associated with the Covid-19 pandemic, Ukraine-Russia conflict, inflation, fuel prices and foreign exchange.

Norwegian, however, announced…

Read more at www.cnbc.com

- Advertisment -

Most Popular