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Sep 30, 2021
Lindblad Expeditions Q3 2021 Earnings Report
Lindblad Expeditions reported financial results with increased tour revenues driven by the resumption of additional expeditions and trips.
Key Takeaways
Lindblad Expeditions Holdings, Inc. reported an increase in tour revenues for the third quarter of 2021, driven by the resumption of expeditions and trips. The company saw strong bookings for future travel and expanded its fleet capacity. However, the COVID-19 pandemic continues to impact the company's financial position and results of operation.
Expanded fleet operations with eight of ten owned and operated ships providing expeditions across Alaska, the Galapagos, Iceland and the Pacific Northwest.
Strong reservations for future travel with 2022 bookings 51% ahead of bookings for 2021 at the same point a year ago and 27% ahead of bookings for 2019 at the same point in 2019.
Significantly expanded fleet capacity with delivery of the 126-passenger polar vessel the National Geographic Resolution in September 2021.
Following the quarter, further broadened platform of high-quality experiential travel offerings with the acquisition of leading travel operator Classic Journeys
Revenue by Segment
Forward Guidance
Due to the continued uncertainty around 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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