Norwegian’s results reflect a broader trend in consumer spending, says Melius Research.
After the disruption of the COVID-19 pandemic, Norwegian Cruise Line Holdings Ltd. has reached an important point on its journey back to normal operations, analysts say.
The cruise operator reported a wider-than-expected fourth-quarter loss before market open Tuesday, although revenue was higher than forecast. Norwegian NCLH says its affluent target customers are opening their wallets for travel both now and in the future. The company’s occupancy level was 87% in the fourth quarter and is expected to reach 100% in the first quarter. Occupancy is expected to return to historical levels in the second quarter, according to the cruise operator.
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