Norwegian Cruise Line Cuts Earnings View Amid Slow Demand, Fuel Costs

By Katherine Hamilton

Norwegian Cruise Line lowered its adjusted earnings outlook, as softer demand and rising fuel costs are continuing to pose challenges for the cruise company.

The Miami-based company on Thursday posted a profit of $222.6 million, or 48 cents a share, compared with $30.0 million, or 7 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were also 48 cents, ahead of the 39 cents anticipated by analysts, according to FactSet.

Revenue rose 5% to $2.64 billion, in line with analysts' estimates.

Norwegian said it is below its optimal booking position for the next 12 months because it is experiencing pressure from softer demand related to execution challenges and conflict in the Middle East.

Meanwhile, fuel costs have risen and are putting pressure on results. Norwegian's fuel price per metric ton has increased to $888 from $659 in the prior year.

For the full year, Norwegian expects adjusted earnings to be $1.50 a share. The company was previously forecasting a range of $1.45 to $1.79, or $1.62 at the midpoint.

It anticipates 90 cents a share in adjusted earnings for the current third quarter, in line with Wall Street's consensus.

Shares declined 3.5% to $20.03 in pre-market trading Thursday.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

July 30, 2026 06:57 ET (10:57 GMT)