Norwegian Cruise Line Holdings reported strong financial results for the second quarter of 2024, with record total revenue of $2.4bn, a 8pc increase compared to the same period in 2023, driven by revenue growth and cost reductions.
Adjusted EBITDA grew by 14pc. Occupancy for the quarter was 105.9pc, and total revenue per Passenger Cruise Day increased by approximately 2pc.
The company provided an outlook for the full year 2024, with increased guidance for Net Yield, Adjusted EBITDA, Adjusted Net Income, and Adjusted EPS. It aims to reduce Net Leverage further by 2026.
Norwegian Cruise Line Holdings highlighted strong demand and top-line growth, with record high advance ticket sales balance, ongoing margin enhancement initiatives to maximize revenue, and cost-saving measures. Net Leverage improved to 5.9x by June 30, 2024, achieving the year-end goal ahead of schedule.
