Lindblad Expeditions, the US based listed expedition cruise operator, has cut its loss in the third quarter from the same period last year, but the company did not issue guidance regarding  when it expected to return to profit.

Third quarter adjusted EBITDA loss came to $6.9 million, which was an improvement of $10.9 million of  the loss in the corresponding quarter last year.

“The Covid-19 pandemic has had, and will continue to have, a significant impact on the Company's financial position and results of operation,” the company said in a statement.

“Given the continued uncertainty around the Covid-19 pandemic, the Company is not providing a full year outlook regarding results of operations at this time and will update its expectations when it has more clarity around the timing of and extent of future operations, Lindblad said.

Dolf Berle, Chief Executive Officer, said in the statement: "We are extremely excited to have nearly all of our ships back exploring the world's most remarkable destinations, providing high-quality and immersive expeditions to our loyal guests.”

“The pent-up demand for authentic adventure travel is evident in both the overwhelmingly positive guest response as we return to destinations that we have been travelling to for decades, as well as in the sustained booking momentum we are generating across our fleet.”