Sam Boughedda

Investing.com — Norwegian Cruise Line Holdings (NYSE:) reported its first-quarter results on Tuesday, sending its shares over 4% higher. 

Analyst predictions of $521.9million fell short by $749.67 million, reaching 5221.9 million. Norwegian reported a larger than anticipated loss. The adjusted per share loss was $1.82. That is below the analyst estimates of a loss in excess of $1.54. 

The cruise line successfully completed the phased fleet relaunch despite missing its forecasts. It has now returned to full operation its 28-ship fleet. The company was able to operate 85% of its capacity by the close of the quarter. 

There were approximately 60 cancellations of modifications or changes to sailings due to Russia-Ukraine War, however the company claimed that disruptions were temporary. 

Frank Del Rio is the president and CEO at Norwegian Cruise Line. “Looking forward, our strategy involves increasing occupancy in a controlled manner, with the goal to exceed historical Net Yield levels full year 2023, while maintaining high guest satisfaction scores, strong onboard revenue generation, and keeping the high guest satisfaction score we currently experience,” he said. 

Norwegian anticipates that its booked position will improve over the course of the year. The fourth quarter 2022 is expected to be comparable to the 2019 period, but at higher prices. 

It is positive about booking trends in 2023. Prices and booked positions are at an all-time high compared with 2020 bookings. 

Norwegian saw its advance ticket sales balance increase by $418m to $2.2billion in the third quarter. It expects positive operating cash flow for the second quarter.

But, they anticipate a net loss for their second quarter.