| Lindblad revenue up

LINDBLAD Expedition Holdings has announced increased revenues in the third quarter of 2016, despite facing “headwinds”.

Tour revenues were up 21% over Q3 last year to $70.8 million, mainly due to the acquisition of eco-tour operator Natural Habitat earlier in the year.

The Lindblad segment’s revenue was down 4% to $56 million, attributed to decreased ticket revenue and higher costs.

Adjusted EBITDA of $17.4 million increased 10%, compared to the same period in 2015.