Havila Kystruten Q2 2026 slides: record occupancy, fuel costs temper outlook

Havila Kystruten AS reported a Q2 2026 slide in earnings, attributed to record occupancy levels being tempered by rising fuel costs. The Norwegian coastal cruise operator saw a 15% year-over-year increase in revenue to NOK 479 million, while EBITDA reached NOK 98 million. However, the company has revised its 2026 EBITDA target to approximately NOK 500 million, citing geopolitical uncertainty and higher fuel costs.

Despite these challenges, Havila Kystruten achieved record occupancy levels of 83%, a 17% year-over-year increase in passenger nights to 99,800, and a 32% surge in onboard sales. The company's shift towards international markets and direct bookings has improved its unit economics and diversified its customer base away from its historical reliance on Norwegian domestic travelers and travel agencies.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.