Norwegian Cruise Line Q3 2023 Earnings Report
Key Takeaways
Norwegian Cruise Line Holdings reported strong third quarter 2023 financial results, exceeding guidance on key metrics. The company is moderating short-term expectations due to global macroeconomic and geopolitical events but remains encouraged by strong forward bookings and pricing.
Occupancy averaged 106.1% for the third quarter of 2023.
Total revenue was up 33% versus 2019.
Adjusted EPS of $0.76 in the third quarter of 2023.
The Company repaid approximately $130 million of debt in the third quarter
Norwegian Cruise Line
Norwegian Cruise Line
Forward Guidance
The Company expects fourth quarter Net Per Diem and Net Yield growth to be strong at approximately 15.00% to 16.00% and 7.75% to 8.75% on a constant currency basis and compared to 2019, respectively. Full year 2023 Adjusted Net Cruise Costs excluding Fuel per Capacity Day is now expected to be approximately $155 on a constant currency basis, an improvement versus previous guidance of $156.