LINDBLAD Expeditions has
recorded a modest Q2, in line
with the company’s expectations.
Net yield climbed 3.7% over
last year and occupancy levels
reached 92%, a 0.1% increase.
Gross profit from tours was
down to US$24.5m due to a
US$7.9m rise in tour costs.
The company attributes a
US$1.3m decrease in revenue to
a planned reduction in operating
days due to the Explorer & the
Orion’s planned drydocks.
This partially offset US$5.7m
of additional revenue from the
acquisition of Natural Habitat.
