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Lindblad Expeditions Lindblad Expeditions Holdings , Inc. Reports 2021 Third Quarter Financial Results Third Quarter 2021 Highlights : • • 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 NEW YORK , November 2 , 2021 - Lindblad Expeditions Holdings , Inc. ( NASDAQ : LIND ; the “ Company ” or “ Lindblad ” ) , a global provider of expedition cruises and adventure travel experiences , today reported financial results for the quarter ended September 30 , 2021 . Dolf Berle , Chief Executive Officer , said “ We are extremely excited to have nearly all of our ships back exploring the world's most remarkable destinations , providing high - quality and immersive expeditions to our loyal guests . The pent - up demand for authentic adventure travel is evident in both the overwhelmingly positive guest response as we return to destinations that we have been travelling to for decades , as well as in the sustained booking momentum we are generating across our fleet . This momentum also goes beyond our ship - based offerings with our platform of land - based businesses delivering positive earnings in the quarter , capitalizing on the robust demand for experiential travel . As we continue to ramp up existing operations , we have also further expanded our growth opportunities moving forward with the delivery of our fourth polar ship , the National Geographic Resolution , and with the acquisition of leading travel provider Classic Journeys . While not yet fully back to where we were prior to the pandemic , Lindblad is emerging from the pandemic as a vibrant company with a strong balance sheet , real operating momentum and a broader set of opportunities that will allow us to deliver additional shareholder value in the years ahead . " RESUMPTION OF FLEET OPERATIONS AND COVID - 19 BUSINESS UPDATE Return to Operations The Company resumed ship operations in June 2021 and currently has eight of its ten operating vessels providing expeditions to guests . During June 2021 , the Company launched three ships in Alaska and another in the Galapagos , and , during the third quarter , the Company resumed operations on the majority of its remaining vessels with additional ships operating in Alaska , the Galapagos , Iceland and the Pacific Northwest . The Company continues to work with local authorities on plans to operate in additional geographies , including Antarctica , during the remainder of the year and early 2022. As the COVID - 19 virus effects travel restrictions in various locations around the world , the Company also continues to work with its guests to reschedule travel plans and refund payments , as applicable , for those expeditions and trips that the Company is not able to operate . The Company believes there are a variety of strategic advantages that enable it to deploy its ships safely and quickly , while mitigating the risk of COVID - 19 , as travel restrictions are lifted . The most notable is the size of its owned and operated vessels which range from 48 to 148 passengers , allowing for a highly controlled environment that includes stringent cleaning protocols . The small nature of the Company's ships also allows it to efficiently and effectively test its guests and crew prior to boarding . Additionally , all guests age 12 and over , crew and staff are required to be fully vaccinated and the majority of expeditions take place in remote locations where human interactions are limited , so there is less opportunity for external influence . While the Company's ships were not in operation , the majority of the fleet was being maintained with minimally required crew on - board to ensure they complied with all necessary regulations and could be fully put back into service quickly as needed . Ahead of launching each ship , crew levels were increased as necessary to prepare each vessel for operations as well as for crew training and vaccinations . The Company offices primarily remain closed , and most employees are working remotely to maintain general business operations , provide assistance to existing and potential guests and maintain information technology systems . The Company continues to adhere to the comprehensive plan implemented in March 2020 to mitigate the impact of COVID - 19 and preserve and enhance its liquidity position . Prior to resuming operations , this plan employed a variety of cost reduction and cash preservation measures , including reducing ship and land - based expedition costs , such as capital expenditures , crew payroll , land costs , fuel and food , and meaningfully reducing general and administrative expenses through reduced payroll and the elimination of all non - essential travel , office expenses and discretionary spending . The Company also accessed available capital under existing debt facilities and through the issuance of preferred stock . With the majority of operations resuming , operating costs are ramping back up , but given the continued uncertainty around