Press release
Lindblad Expeditions Holdings, Inc. Reports 2022 Second Quarter Financial Results
Second Quarter 2022 Highlights: Operated all ten owned and operated ships providing expeditions across Alaska, the Arctic, the Galápagos Islands, Greenland,
About this update from Lindblad Expeditions Holdings Inc.
[{"type":"text","content":"Second Quarter 2022 Highlights:\nOperated all ten owned and operated ships providing expeditions across Alaska, the Arctic, the Galápagos Islands, Greenland, Iceland, Norway and the Baltic and North Seas Total revenue of $90.9 million increased $75.6 million versus 2021 and $14.3 million, or 19%, compared with the second quarter of 2019 Strong reservations for future travel with bookings for 2023 26% ahead of bookings for 2020 at the same point in 2019 Further increased financial flexibility through extension of leverage covenant waivers on export credit agreements through the end of 2022NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the \"Company\" or \"Lindblad\"), a global provider of expedition cruises and adventure travel experiences, today reported financial results for the second quarter ended June 30, 2022. \n\n \n \n \n \n \n \n\n \nDolf Berle, Chief Executive Officer, said \"We are very excited to have all ten of our owned ships once again immersing guests in the amazing geographies Lindblad has been visiting for decades. The nature of our ships and the remote locations we explore has enabled us to ramp our operations quickly, and the response from our guests as they return to experiencing the thrill of exploration has never been more rewarding. At the same time, our land businesses have also swiftly returned to operations and the strategic investments we have made to expand our product offerings is already resulting in positive earnings contributions from these businesses. The demand for unique and authentic travel experiences remains strong, and we certainly expect it to grow even further as we continue to emerge from the pandemic. While some short-term headwinds remain, we are poised to begin delivering on the increased earnings power of the Company and deliver additional shareholder value in the months and years ahead.\"\nRAMP OF FLEET OPERATIONS AND COVID-19 BUSINESS UPDATE \nRamp in Operations\nLindblad continued to ramp its operations during the second quarter of 2022, providing immersive expeditions across all ten of its owned vessels including trips to Alaska, the Arctic, the Galápagos Islands, Greenland, Iceland, Norway and the Baltic and North Seas. Due to the spread of the COVID-19 virus and the effects of travel restrictions around the world, the Company suspended...