Lindblad Expeditions Holdings, Inc. acquired a 60% controlling interest in White Desert Ltd, PNR Airways Ltd, and Echo Charlie Ltd for an aggregate cash purchase price of approximately $61 million, plus approximately $6 million for balance sheet cash. The transaction includes options to purchase the remaining equity interests in two tranches exercisable within 30 days of December 31, 2030 and 2031 at prices based on EBITDA. Concurrently, the company raised its full-year 2026 financial guidance, projecting tour revenues of $850-$880 million, net yield per available guest night of 5.5%-6.5%, and Adjusted EBITDA of $140-$148 million. Lindblad Expeditions Holdings, Inc. operates in the global adventure travel industry, offering immersive educational expeditions across all seven continents.

Lindblad Expeditions Holdings reported second quarter 2026 financial results on August 3, 2026. Total revenue increased 19% to $199.2 million, driven by a 4% increase in net yield per available guest night to $1,294 and occupancy rising to 91%. Net loss narrowed significantly to $1.4 million ($0.02 per diluted share) from $9.7 million in the prior year period, while Adjusted EBITDA grew 31% to $32.5 million. The company provided full-year 2026 guidance for tour revenues of $830-$860 million and Adjusted EBITDA of $130-$140 million. Lindblad Expeditions Holdings operates in the global expedition cruise and adventure travel industry.