It’s been rough seas for Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), and it’s unlikely to be smooth sailing anytime soon. After reporting mixed first-quarter results Monday morning, the company slashed its outlook, citing mounting headwinds ahead.
The cruise company has been taking steps to address internal missteps that have weighed on results over the past few years. While progress is being made, particularly on cost savings, weaker bookings and broader operational challenges will take time to resolve. At the same time, a difficult macro backdrop is making it harder to right the ship, as the conflict in the Middle East has driven up fuel costs and led to softer demand in some areas.
