Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

Norwegian Cruise Line Holdings (NCLH) reported strong financial results for Q2 2022, achieving an operating cash flow of approximately $260 million, marking a significant recovery from the pandemic. Revenue reached $1.2 billion, up from $4.4 million in the previous year, driven by increased occupancy, which improved 17 points to 65%. The company anticipates continued growth, aiming for a positive adjusted EBITDA in H2 2022 and improved occupancy levels averaging in the low 80% range in Q3. The booking environment for 2023 remains robust, reflecting higher pricing compared to 2019.

Oceania Cruises has simplified its SailSafe Health and Safety protocols effective September 3, 2022, allowing vaccinated travelers aged 12 and older to board without testing. Unvaccinated travelers must provide a negative covid-19 test taken within 72 hours prior to boarding. Children under 12 can embark without vaccination or testing. The company continues to recommend vaccinations and testing for guests. Oceania Cruises is owned by Norwegian Cruise Line Holdings Ltd. (NCLH) which operates a fleet of 28 ships, aiming for ease of travel for all ages and vaccination statuses.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) announced a seven-month extension of its existing $1 billion liquidity commitment with Apollo Global Management, ensuring additional financial flexibility. The undrawn facility, which extends through March 31, 2023, will not be utilized at this time. CFO Mark A. Kempa emphasized the amendment's importance in navigating current economic uncertainties. Apollo expressed confidence in Norwegian's established brands and the cruise sector's robust consumer demand. This extension supersedes a prior commitment made in November 2021.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) will release its second quarter 2022 financial results on August 9, 2022, at 7:30 a.m. ET, followed by a conference call at 10:00 a.m. ET. Investors can access the call via the company's website, with a replay available for 30 days post-event. Norwegian Cruise Line Holdings operates three brands—Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises—with a fleet of 28 ships and nearly 60,000 berths. The company has nine more ships set for delivery by 2027, increasing its capacity significantly.

Norwegian Cruise Line Holdings (NYSE: NCLH) announced that beginning August 1, 2022, it will no longer require pre-cruise COVID-19 testing, aligning with local regulations and industry trends. This change applies to its brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. Testing will still be required where local regulations mandate it. The company continues to recommend vaccinations and testing before travel. All operations remain under the SailSAFE health program, which will adapt as public health conditions evolve.

Norwegian Cruise Line (NCL) announced the premiere of the second season of its visual storytelling platform, EMBARK with NCL, featuring the first episode titled "Caribbean Adventures", on June 30, 2022, at 8 p.m. ET. The new season focuses on showcasing the uniqueness of cruising and NCL's premier offerings. Hosted by Zay Harding, the series highlights various destinations, starting with the Caribbean, and includes a sneak peek at the upcoming Norwegian Prima, which will be christened in Reykjavik, Iceland. The first season garnered nearly 3 million views.

Flow Beverage Corp. (OTCQX: FLWBF) has partnered with Norwegian Cruise Line (NYSE: NCLH) to become its official water supplier, marking a strategic move into the food service sector. Flow's CEO, Nicholas Reichenbach, expressed enthusiasm for the collaboration, highlighting its importance for growth. Further details regarding the product launch will be disclosed in a forthcoming announcement. Flow aims to reduce environmental impact with 100% recyclable packaging while offering a diversified line of alkaline spring water products.

Norwegian Cruise Line Holdings (NYSE: NCLH) has enhanced its commitment to responsible sourcing and animal welfare in its supply chain. Announced on June 6, 2022, the company introduced new standards focusing on chicken, eggs, pork, and seafood. Targets include sourcing 100% of chicken from GAP-certified suppliers by 2024, cage-free eggs by 2025, gestation crate-free pork by 2025, and certified sustainable seafood by 2025. These initiatives align with the company’s sustainability program, Sail & Sustain, as it aims to positively impact its supply chain.