Norwegian Cruise Line Slashes Profit Outlook

Norwegian Cruise Line’s turnaround hit a wall as Iran war-driven fuel costs forced the company to cut its adjusted earnings guidance to a range of $1.45 to $1.79 per share, down from its prior forecast of $2.38.

The cruise line’s full-year net yield, a measure of daily revenue per passenger, is expected to decline 3% to 5%, a reversal from its previous projection of a 0.4% gain.

Norwegian joins rivals Carnival and Royal Caribbean, which recently cut their p