Norwegian Cruise Line Holdings’ financial results for the third quarter of 2023 reported occupancy was 106pc, and total revenue per Passenger Cruise Day increased approximately 16pc compared to 2019.
Despite global events like the wildfires in Hawaii and conflict in Israel impacting the business, Norwegian Cruise Line remains encouraged by its strong forward bookings and pricing. It encountered than expected close-in demand for certain longer, exotic itineraries in late season Eastern Mediterranean and certain parts of Asia.
The company is focused on sustaining momentum by optimizing cost structures, generating returns, reducing leverage, and offering quality products and services to stakeholders.
The company achieved record total revenue of $2.5 bn, up 33pc compared to the same period in 2019.
GAAP net income was $345.9m, or EPS of $0.71.
Adjusted EBITDA was $752m, exceeding guidance of $730m, driven by solid revenue performance and cost reduction efforts.
Cumulative booked position for Q4 2023 is at record levels, and pricing remains higher.
Full-year 2023 Adjusted EBITDA is expected to be approximately $1.86 bn, and Adjusted EPS is expected to be $0.73.
