Norwegian Cruise Line Holdings (NCLH) is seeing some choppiness in bookings for remaining third quarter inventory, resulting in a headwind to occupancy, said President and CEO Harry Sommer, speaking on the company’s first quarter earnings call.

Sommer said the company would prioritize pricing over load factor and cited macroeconomic uncertainty.

“We believe there is potential for upside if conditions improve. By protecting price, it allows us to garner higher yields on the remaining inventory,” Sommer noted.

Most of the choppiness, Sommer said, were for third quarter European itineraries.

He also noted that the company’s continued focus on cost savings would help offset any top line revenue challenges.

Sommer said that the company had identified over $300 million of cost efficiencies and would accelerate certain initiatives.

“We remain focused on disciplined pricing, and cost control, and delivering an exceptional guest experience, all while managing the business for the long term,” Sommer said.