Norwegian Cruise Outlook Cut Exposes Fuel Squeeze and Booking Gap
Norwegian Cruise Line Holdings cut its 2026 adjusted earnings forecast to $1.45–$1.79 per share, down from $2.38, citing higher fuel costs, Middle East disruptions, and weaker bookings. The company expects net yield to fall 3%–5%. Shares traded at $17.69, near recent lows. Fuel is now projected to cost $782 per metric ton, up from $670.