HX flags financial uncertainty but reports strong booking growth
Expedition cruise operator HX has sought to reassure travellers and the trade after its latest accounts warned that geopolitical and market pressures may create uncertainty over its ability to continue as a going concern.
HX Hold Co’s second-quarter financial statement said conflict in the Middle East, US tariff announcements and wider market uncertainty had affected near-term demand. These pressures “may cast significant doubt” on the group’s ability to continue as a going concern.
However, the company also said there was a reasonable expectation that it would continue operating for the foreseeable future. HX secured approximately €22 million in additional investor capital during August.
Full story HX flags financial uncertainty but reports strong booking growth
