Analysts See Early Traction in Norwegian Cruise Line Turnaround
Analysts at Jefferies, Susquehanna and BNP Paribas said Norwegian Cruise Line Holdings’ third quarter beat and 2027 outlook showed its turnaround was gaining traction, but all three kept neutral ratings on the stock, citing leverage, fuel costs and execution risk. Jefferies analyst David Katz reiterated a Hold rating and a $17 price target in a…
Royal Caribbean Onboard Spending Tops Expectations
Royal Caribbean Group guests are spending more onboard than the company planned for, helping drive the company’s performance, according to Jason Liberty, chairman and CEO. “Onboard spend has been much stronger than we thought it was going to be,” Liberty said. “Not that we didn’t think people weren’t going to pay more than they did…
NCLH Identifies Another $100 Million in Savings, More Coming
Norwegian Cruise Line Holdings has identified an additional $100 million in expected run-rate savings and cash benefits, the company announced on its third quarter earnings call Thursday. The new savings come from optimizing guest and crew air and refining the company’s promotional offerings. The benefits will phase in through 2028, supporting the top line while…
Late Bookers Lift Norwegian Cruise Line Holdings Past Q3 Guidance
Norwegian Cruise Line Holdings beat its third quarter guidance on the strength of close-in bookings, as guests who put off summer vacations booked late and filled ships beyond the company’s expectations. “The strong beat, which was driven by the top line, was due to extraordinary close-in demand by consumers who deferred summer vacations and ultimately…
Norwegian Cruise Line Holdings Reports Third Quarter 2026 Financial Results
Norwegian Cruise Line Holdings has reported financial results for the third quarter ended September 30, 2026 and provided guidance for the fourth quarter and full year 2026. Highlights Third quarter total revenue was $2.9 billion. GAAP net income was $491 million with EPS of $1.07. Delivered third quarter results above guidance, with Adjusted EBITDA1 of…
Royal Caribbean Sees Record Rates as 2027 Bookings Climb
Royal Caribbean Group is heading into 2027 with more business on the books at higher prices than ever, according to Jason Liberty, chairman and CEO. Speaking on the company’s third quarter earnings call on Tuesday, Liberty said booking volumes had increased in the mid-teens year over year since the last earnings call in July, with…
Royal Caribbean Group Reports Q3 2026 Results, Raises Full-Year Guidance
Royal Caribbean Group today reported third quarter Earnings per Share (“EPS”) of $6.45 and Adjusted EPS of $6.57. The company said that these results were better than the company’s guidance, driven by strong close-in demand and lower costs due to timing. The company now expects full year Adjusted EPS to be in the range of…
Costa Favolosa Enters Drydock in Northern Europe
The Costa Favolosa recently entered drydock in the Netherlands at Damen as part of its regular maintenance schedule. Having completed a summer schedule in Northern Europe, the 114,500-ton vessel arrived at a shipyard in Rotterdam on October 20, 2026. The ship is now scheduled to undergo technical work before welcoming guests back in early November….
Phoenix Reisen Adds Oceania’s Insignia as the Alvara
Phoenix Reisen has confirmed that it will add the Insignia to its fleet, with the ship set to begin sailing for the Bonn-based operator as the Alvara in November 2027. Built in 1998, the 700-guest vessel currently sails for Oceania Cruises. Terms of the deal were not disclosed. The ship is scheduled to arrive at…
Azamara Journey Gets 2-Week 2028 Drydock
Azamara Cruises will bring its Azamara Forward renovation program to the Azamara Journey during a two-week drydock in November 2028, the company said in a press release. CEO Dondra Ritzenthaler said the program lets Azamara refresh its ships while staying true to what guests love about sailing with the line, creating spaces where they can…
Corazul Eyes Additional Tonnage as Sales Momentum Builds
Corazul Cruceros is seeing booking momentum as it gets ready to debut in late October, COO Camille Appeldoorn told Cruise Industry News. He added that the startup company, which will initially operate in Brazil, has been reporting week-by-week increases in sales recently. “We got a lot of group bookings and charter requests coming in. FIT…
The World Makes Inaugural Visit to Port of Sokcho
The World Residences at Sea recently made its inaugural visit to the Port of Sokcho in South Korea, according to an update shared by the ship’s management. The residential cruise ship arrived at the destination in early October. The company said that its guests were welcomed with a special ceremony that included a traditional band…
New Margaritaville Vessel Set for Big Refurbishment
The Margaritaville at Sea Beachcomber recently arrived at Harland & Wolff in Belfast, Northern Ireland, for a major refurbishment. Acquired by Margaritaville at Sea earlier this year, the 2003-built ship is being prepared for its inaugural season with the company. “It’s a significant project for the yard and one that will support jobs, skills and…
Victoria, Canada, Passes 1 Million Cruise Passengers
The Greater Victoria Harbour Authority (GVHA) has passed one million cruise passengers in a single season for the first time, the authority said in a press release, and the season has also set a new record for cruise calls. GVHA expects 332 calls in total in 2026, which beats the previous high of 329 set…
Oriental Land Newbuild to Be Named Disney Imagination
Oriental Land Co. and The Walt Disney Company have revealed that the first ship for Disney Cruise Line Japan will be named the Disney Imagination. According to a press release, the Wish-class ship will offer itineraries in Japan from Tokyo starting in spring 2029. The companies stated that the newbuild “will be powered by the…