LIND - Lindblad Expeditions: Tour Occupancy Needs To Grow Too
2024-07-06 00:30:39 ET
Summary
- Lindblad Expeditions operates a fleet of expedition ships and land-based experiences, and continues to expand with shown revenue increases, a recent acquisition in Africa, and two new vessels in 2025.
- Margins remain pressured despite elevated activity, as occupancy remains very much below the pre-Covid level and as cost inflation increases expenses.
- The valuation remains fairly balanced, although volatile due to Lindblad's very high debt.
Lindblad Expeditions Holdings, Inc. ( LIND ) operates a fleet of expedition ships with a current ten owned ships and six seasonal charter vessels after Q1 . The company has recently posted some continued revenue growth , countered by increasing operating costs. An announced acquisition and two new vessels look to create a foundation for continued growth....
Lindblad Expeditions: Tour Occupancy Needs To Grow, Too