NORWEGIAN Cruise Line Holdings’ (NCLH) cumulative booked position was approximately 62% for the full year ending 2023, as of the end of last year. In its latest financial reports, NCLH said the booked position was in line with previously outlined expectations, and was at higher prices than 2019 at a...
NORWEGIAN Cruise Line Holdings’ (NCLH) cumulative booked position was approximately 62% for the full year ending 2023, as of the end of last year.
In its latest financial reports, NCLH said the booked position was in line with previously outlined expectations, and was at higher prices than 2019 at a similar point in time.
Fourth quarter occupancy for last year was approximately 87%, with the gap versus 2019 levels.
NCLH also noted it is experiencing strong and broad-based onboard revenue generation.
However, NCLH expects to report a loss for last year, and the first quarter of 2023.
Total revenues are expected to be in the range of approximately USD$4.7 billion to USD$5 billion for the year, compared to USD$600 million for the year before.
NCLH expects its adjusted EBITDA to be nearly break-even for the six months ended 31 Dec.
Meanwhile, NCLH has announced the proposed offering of USD$500 million of senior secured notes, due in 2028.
They will be backed by 13 members of NCLH’s fleet, with the profits to be used to repay a portion of the loans due in Jan 2024, including any accrued and unpaid interest.
