Norwegian Cruise Line Q2 2022 Earnings Report
Key Takeaways
Norwegian Cruise Line Holdings reported strong consumer demand, record pricing, and accelerating booking volumes for 2023 and beyond. The company generated positive operating cash flow and expects to reach slightly positive Adjusted EBITDA in the second half of 2022. Occupancy reached 65% in the second quarter, with numerous voyages exceeding 100%.
Completed the phased relaunch of its entire fleet with all ships in operation in early May.
Occupancy in the second quarter was 65%, a 17-point improvement over the prior quarter.
Generated positive Operating Cash Flow of approximately $260 million for the second quarter of 2022.
Advance ticket sales balance increased approximately $0.3 billion in the quarter to $2.5 billion as of June 30, 2022, an all-time record high.
Norwegian Cruise Line
Norwegian Cruise Line
Forward Guidance
Due to the COVID-19 pandemic, the effects of the Russia-Ukraine conflict and current macroeconomic conditions, the Company will report a net loss for the third quarter of 2022.