Norwegian Cruise Line Holdings Ltd
- Norwegian Cruise Line soared 10% to $17.55 after the travel company reported wider-than-expected fourth-quarter results, but the company guided a strong 2024 outlook.
Revenue in the fourth quarter increased to $1.98 billion from $1.52 billion, net loss shrank to $1106.5 million from $482.8 million, and diluted loss per share shrank to 25 cents from $1.14 a year ago.
The company's cost-cutting initiatives were helped by a higher passenger count in the quarter.
Gross cruise costs per capacity day were approximately $280 in the fourth quarter, compared to $311 last quarter.
Adjusted net cruise costs, excluding fuel per capacity day, in the fourth quarter of 2023 were approximately $151, in line with the company's prior guidance.
Feb 27, 2024
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