Lindblad Expedition Holdings, Inc., the US based and listed expedition cruise and tour operator, said it expects 2017 adjusted EBITDA in the bracket of $42 million to $44 million.
“This outlook includes the estimated $3.6 million revenue impact and $3.0 million Adjusted EBITDA impact associated with the cancellation of four voyages during the third quarter due to the delayed launch of the National Geographic Quest,” the company said in a statement.
“The current outlook also includes the estimated $8.9 million revenue impact and estimated $6.2 million Adjusted EBITDA impact associated with the first quarter cancellation of four voyages on the National Geographic Orion and two voyages on the National Geographic Sea Lion for necessary repairs,” Lindblad said.
At the end of October, the Lindblad segment had 99% of full year 2017 projected guest ticket revenues on the books versus 101% of full year 2016 revenue at the same time last year. Overall, bookings thus far in 2017 have increased over 30% compared with the same period a year ago. “The Company continues to anticipate it will achieve its long-range revenue and Adjusted EBITDA targets,” Lindblad said.