(Reuters) – Norwegian Cruise Line Holdings Ltd on Tuesday forecast full-year profit below Wall Street estimates, as the cruise operator struggles with soaring fuel and labor costs even as travel demand bounces back.
Shares fell about 8% in premarket trade after the company also forecast a bigger-than-expected first-quarter loss.
Cruise operators like Carnival Corp and Norwegian Cruise Line Holdings have been struggling with rising interest rates, a stronger dollar and soaring food as well as fuel prices due to the conflict in Ukraine.
The cruise operator forecast a profit 70 cents per share for 2023, compared with estimates for a profit of $1.06, according to IBES data from Refinitiv.
The company forecast a loss of 45 cents per share for the first quarter, compared with estimates for a loss of 33 cents per share.
Fourth-quarter revenue rose to $1.52 billion from $487.4 million a year earlier, compared with analysts’ average estimate of $1.50 billion.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj Kalluvila)
