Is Norwegian Cruise Line going to survive?

Is Norwegian Cruise Line going to survive? Norwegian Cruise Line Holdings (NCLH) Norwegian plans to introduce eight more ships through 2027²¹. In Q3 2022, total revenue reached $1.6 billion, still well below 2019 levels,²² but occupancy and onboard revenue grew significantly, pointing to Norwegian's strong recovery.

Who owns the most Norwegian Cruise Line stock?

Largest shareholders include Vanguard Group Inc, Capital International Investors, BlackRock Inc., AGTHX - GROWTH FUND OF AMERICA Class A, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, NAESX - Vanguard Small-Cap Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor ...

Which cruise line has most debt?

Covid-19 shut the industry for the best part of two years, leaving the Big Three — Carnival Corp, Royal Caribbean Group and Norwegian Cruise Line Holdings — under an unprecedented pile of debt that they will be paying down for years. Carnival is $35bn in the hole, Royal Caribbean owes $24bn and Norwegian owes $13.4bn.

Does cruise have a future?

CLIA forecasts passenger numbers will not only meet but exceed pre-pandemic levels by the end of 2023. And according to Cruise Industry News' cruise ship orderbook for ocean-going vessels, nearly 40 new ships are lined up to debut this year alone, with more than 75 vessels on order through 2027.

Why is Norwegian Cruise Line stock falling?

The company's guidance for the third quarter, typically the best three months for cruise operators, fell short of expectations, and it's being punished by investors. Norwegian expects adjusted earnings of 70 cents per share in the third quarter, below estimates of 80 cents per share, according to FactSet data.

How is the cruise industry doing in 2023?

The 2023 cruise industry is booming. It has far surpassed 2019 levels, breaking sales records in a furious, post-pandemic comeback. Like most tourism sectors, cruising is reaping the benefits of “revenge travel”— vacationers making up for the time that was lost during the pandemic.

Is NCL cancelling cruises in 2023?

A few days ago NCL announced it was canceling the entire winter 2023/24 European cruise season on Norwegian Epic and will instead redeploy Epic to the highly lucrative Caribbean market.

Is Norwegian Cruise Lines financially stable?

In the case of Norwegian Cruise Line Holdings, both the revenue per share (evident from the last five years' TTM data: 2019: 28.67; 2020: 21.68; 2021: 0.08; 2022: 5.74; 2023: 16.54; ) and the 5-year revenue growth rate (-32%) have been on a consistent downward trajectory.

Are cruises worth it anymore?

Cruises are still great! The trick is finding the line/itinerary/ship that matches what you are looking for and set your expectations appropriately.