Norwegian’s Focus on High-Spending Cruise Passengers Paid Off in the First Quarter
Photo Credit: Pride of America, Norwegian Cruise Line. Photo Credit: Bryan S/Flickr flickr / Bryan S
Skift Take
Norwegian Cruise Line's strong onboard passenger spending in the first quarter demonstrates that the pent-up energy to cruise that people had during the pandemic hasn't dissipated at all.
Norwegian Cruise Line Holdings experienced onboard passenger spending higher than its 2019 level in the first quarter of 2023, executives said during a Monday earnings call.
Overall, revenue for the company was $1.8 billion in the first quarter, up from $521.9 million for the same quarter in 2022. Even so, Norwegian still had a GAAP net loss of $159.3 million. Adjusted EBITDA amounted to $23 million.
Harry J. Sommer’s, CEO and president of the Norwegian Cruise
