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Norwegian Cruise Line forecasts Q3 loss, stock sinks

Yahoo Finance anchors discuss Norwegian Cruise Line's path back to pre-pandemic levels of occupancy and profits.

Video Transcript

BRIAN SOZZI: All right, Norwegian Cruise Line shares are taking on water here after the company forecast a surprising loss for the third quarter. The Street was looking for $0.33 in profits. Looking at what they said about the booking environment and the outlook, Norwegian only noting that their booked position for the second half of this year remains below the comparable period of 2019. Bottom line is the Street probably wanted to see those bookings ahead of 2019 because we're seeing that trend play out in a lot of other travel companies.

BRAD SMITH: And it's really interesting because they're also talking about record advanced ticket sales. That balance of $2 and 1/2 billion at the most recent quarter's end, but it included about 4/10 of a billion-- or $400 million there.

And particularly here, it's all about re-engagement for these companies, too. With all of what they've been trying to do to get people back on board some of the voyages, there's a lot of marketing dollars that go out the door in trying to make sure that people know the experience is safe, know that they can book well in advance, and that re-engagement for even the most loyal tripgoers out there.

[BUZZER]

JULIE HYMAN: Yeah, well, that's not happening.

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