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News Wire / economy

Norwegian Cruise Line Shares Fall On Lower Outlook

Bloomberg Radio Miami 37d36d Impact 5
Shares of Norwegian Cruise Line fell 6.5% following a second quarter profit forecast that missed market expectations. The cruise line operator also reduced its full year outlook. The company stated that rising fuel costs driven by the war in Iran are hurting demand. West Texas Intermediate crude rose 1.7% to $103.65 per barrel. The company is also facing pressure from higher fuel prices. The impact of the conflict in Iran is reportedly affecting the travel industry. Fuel prices are weighing on the cruise operator, according to reports. The cruise line operator slashed its annual forecast and provided a downbeat projection for the second quarter. Management attributed the poor outlook partially to soaring fuel costs linked to the war with Iran. The source did not specify the exact duration or total financial impact of the fuel cost increase.

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Norwegian Cruise Line profit forecast fuel costs

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Sources · 7 independent

Bloomberg Radio

“Shares of Norwegian Cruise is down 6.5%. The cruise line operator gave a forecast for second quarter profit that missed expectations and it slashed its full year outlook.”

MCOT FM 100.5 News

“Norwegian Cruise Line Slashes Full Year Outlook”

KRLD Dallas

“Norwegian Cruise Line cut its full-year financial outlook on weaker than expected bookings at the start of the year. Higher fuel prices are also weighing on the cruise operator.”

KRLD Dallas

“fuel prices are also weighing on the cruise operator. Shares of Norwegian...”

Bloomberg Radio

“Norwegian cruises. That's ticker NCLH. Now falling about 9% to hit the lowest intraday level in a year. That's after the cruise line operator said that it's slashing its annual forecast and gave a pretty downbeat projection for the second quarter. It obviously has Iran war to blame. Norwegian management is saying that soaring fuel costs are partially for...”

Bloomberg Radio

“Norwegian management is saying that soaring fuel costs are partially for...”

Bloomberg Radio

“Norwegian Cruise Line Holdings reported a net loss of $12 million for the first quarter, revenue fell to $1.1 billion.”

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