Norwegian Cruise Line cut its full-year outlook and said it is seeing softer demand amid heightened geopolitical uncertainty.

Chief Executive John Chidsey said Monday that the cruise operator worked quickly to simplify, optimize and streamline the business during the recent quarter, cutting an expected $125 million in annual run-rate costs to help offset near-term pressures, such as higher fuel costs.

"As we move through the year, we will continue to manage costs and focus on revenue growth to align resources with the high-growth, high-value areas of the business," he said.

Shares fell 6%, to $17.63, in premarket trading.

While cost-saving actions and broader efficiency initiatives are expected to position Norwegian Cruise Line for stronger performance over time, the company said the war in the Middle East is currently disrupting operations.

Cruise lines have broadly been contending with higher costs as oil prices surge. Meanwhile, Norwegian Cruise Line said it is seeing signs of softer demand as consumers reevaluate travel plans, particularly to Europe.

The company said it now expects 2026 net yield to decline between 2.7% and 4.7%, compared with a prior outlook for net yield to be up 0.4%. Adjusted earnings for the year are now projected to come in between $1.45 and $1.79 a share, compared with a previous forecast of $2.38 a share.

Analysts polled by FactSet had expected net yield to tick up 0.1%, and for adjusted earnings of $2.10 a share.

The outlook came as Norwegian Cruise Line posted a first-quarter profit of $104.7 million, or 23 cents a share, compared with a loss of $40.3 million, or 9 cents a share, a year earlier.

Stripping out one-time items, earnings were 23 cents a share. Analysts had been looking for adjusted earnings of 14 cents a share.

Revenue climbed 9.6% to $2.33 billion, just below Wall Street models for $2.36 billion.