Shares of Norwegian Cruise Line Holdings Ltd. NCLH, -0.93% jumped 2.7% in premarket trading, after the cruise operator affirmed it outlook to be profitable in the second half of 2022, but pushed back its timing to be cash flow positive as the omicron variant hurt bookings. The company said net booking volumes were showing sequential growth at the beginning of the fourth quarter, then were hurt later in the quarter because of the omicron variant of COVID-19, but has started improving in recent weeks. Cumulative bookings for the first half of 2022 is below pre-pandemic 2019 levels, but second-half 2022 bookings are in line with 2019 while pricing for the year are above the record 2019 levels. The company said it now expects to have positive adjusted net income in the second half of 2022, and expects cash from operating activities to be positive during the second quarter. In November, that company said it expects to be profitable in the second half of 2022 and cash flow to turn positive in the first quarter. Norwegian's stock has tumbled 22.3% over the past three months through Monday, while the S&P 500 SPX, -0.20% has slipped 4.6%.
Norwegian Cruise stock jumps after bookings, expectations for profitability update
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