Norwegian Cruise Line Holdings Ltd.'s affluent customers are 'financially healthy,' says CEO Frank Del Rio.
After the COVID-19 pandemic brought widespread disruption to the travel industry, Norwegian Cruise Line Holdings Ltd. says its affluent target customers are opening their wallets for travel now and in the future.
The cruise operator reported a wider-than-expected fourth-quarter loss before market open Tuesday, although revenue was higher than forecast. Norwegian’s NCLH stock tumbled 11.8% Tuesday, while the S&P 500 SPX gained 0.1%. Norwegian’s occupancy level was 87% in the fourth quarter and is expected to reach 100% in the first quarter. “The ramp is continuing through the first quarter,” said Del Rio, noting that occupancy is expected to return to historical levels in the second quarter.
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