Norwegian Cruise Line Q1 2022 Earnings Report

Reported financial results and provided a business update. Company became first major cruise operator to return entire fleet back to service and pricing strength continued for all future periods.

Key Takeaways

Norwegian Cruise Line Holdings reported its Q1 2022 financial results, marking the completion of its fleet relaunch on May 7, 2022. The company's entire 28-ship fleet is now back in operation. Occupancy in the first quarter of 2022 was 48%. The Company reached a significant financial inflection point in March with Operating Cash Flow turning slightly positive.

Completed phased fleet relaunch on May 7, 2022, with the entire 28-ship fleet now back in operation.

Occupancy in the first quarter of 2022 was 48%, impacted by the Omicron surge.

Net booking volumes have rebounded to pre-Omicron levels and are approaching historical levels.

Operating Cash Flow turned slightly positive in March.

Previous year: -$2.03

-10.3%