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Jun 30, 2021
Lindblad Expeditions Q2 2021 Earnings Report
Lindblad Expeditions reported financial results, resuming fleet operations in June 2021 and seeing strong reservations for future travel.
Key Takeaways
Lindblad Expeditions resumed fleet operations in June 2021, with eight of nine owned and operated ships restarting expeditions as of July 31, 2021. The company increased total cash by $17 million through guest payments and cost reductions, ending the quarter with $160 million in unrestricted cash and $44 million in restricted cash. Bookings for 2022 are 36% ahead of bookings for 2021 at the same point a year ago.
Resumed fleet operations in June 2021 with ships in Alaska and the Galapagos.
Increased total cash by $17 million through guest payments and cost reductions.
Ended the quarter with $160 million in unrestricted cash and $44 million in restricted cash.
2022 bookings are 36% ahead of 2021 bookings at the same point a year ago.
Revenue by Segment
Forward Guidance
Due to the continued uncertainty surrounding the COVID-19 pandemic, the Company is not providing a full year outlook regarding results of operations at this time and will update its expectations when it has more clarity around the timing of and extent of future operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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