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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2026-02-26 compared with 2025-02-28 · 0 added, 1 removed, 17 unchanged (6% of the section changed)
12 unchanged sentences
We generally have not hedged our fuel purchases as there is no particular market or index to hedge against given the geographic diversity of where we purchase our fuel.
−Removed: During 2022, fuel costs increased across our fleet as worldwide crude oil and fuel prices significantly increased with the Russian invasion of Ukraine.
Fuel costs represented 3.1%, 4.1% and 4.9% of our tour revenues for the years ended December 31, 2025, 2024 and 2023, respectively.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.