Executive Vice President and Chief Financial Officer Norwegian Cruise Line Holdings Ltd. Mark A. Kempa is Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd., appointed to this position in August 2018. 2022 was a year like no other in our company's 56-year history. You talked for the fourth quarter, you talked about how revenues and net cruise cost ex fuel or in line with your expectations that EBITDA was a bit short. *Terms I just have a couple of, hopefully, quick follow-up questions. From 1996 through 2007, Mr. Abrams was a Managing Director in the Leveraged Finance Group of Credit Suisse, based in London and New York. I know that you guys were excited about offering a smaller ship size initially when that was introduced. Norwegian Cruise Line Holdings The cruise company fell nearly 10.2% on Tuesday after reporting a wider-than-expected loss for the fourth quarter. Don't take it personal, its just the way that it is. Saturday: 9:00am 4:00pm We've said time and time and again, we do not believe that it is prudent to issue more equity to delever the company. Lindsay's history with the company goes back to the inception of Oceania Cruises in 2003, where he joined as Senior Vice President, Hotel Operations and Vessel Operations. And on the other hand, we have economists telling us that we're -- there's a high chance of recession. But we focused on the top line. million verified professionals across 35 million companies. Started October 12, 2018, Copyright 19952023 The Independent Traveler, Inc. We are exploring further opportunities, first and foremost, to reduce our cost profile and to maximize revenue generation. In his approximately 30 years in equity research, during which he developed a wide following, he cultivated a deep knowledge of the cruise industry, the ability to identify investor sentiment and a comprehensive understanding of key drivers of Norwegian Cruise Line Holdings Ltd.s business model. DeMarco earned an M.B.A. in Finance from Florida International University and a B.S. As we successfully concluded our Great Cruise Comeback with the last vessel in our fleet reentering service midway through the year. Thank you, Frank, and good morning, everyone. It's not an overnight process. We've said that our strategy coming out of the pandemic was we wanted to reset the bar on pricing. Search over 700 Ms. Landry received a National Security Fellowship from Harvard University, a M.A. Okay. After talking to the Accor COO for Europe, as a gesture of goodwill, he upgraded us from the Mercure to the Sofitel Hotel on the seashore on our next trip to Rio, additionally he promised we would be looked after by the hotel manager. Frank A. Del Rio is an industry veteran, having started his career in the cruise industry in 2003. Del Rio founded Oceania Cruises in 2002, and in doing so, created a new upper premium market space in the cruise industry. Thank you, Ms. John. Our first question comes from the line of Dan Politzer with Wells Fargo. Areas of focus include business partnerships, benefits, compensation and talent management/succession planning. Site. Before we begin, I would like to cover a few items. Our goal is not only to rebuild our margins, but over time, continue to enhance them, and we look forward to demonstrating this improvement over the coming quarters. Del Rio assumed this role in January 2015. B.C. Steve, I think the other way to think about it is we're simply aligning ourselves to what others in the hospitality sector have done as well. Second, we are taking actions across our business to align with our strategic priorities and strengthen the foundation for sustained profitable growth. Can you just remind us which -- I think it's the May '24 and August '25 and how many if that's correct? WebEstela Farina is the Brazil managing director for Norwegian Cruise Line Holdings, Ltd., overseeing the sales strategies across the companys three brands, Norwegian Cruise Mr. Farkas holds a Bachelor of Art degree Cum Laude, with honors in English and American Literature from Brandeis University and a Juris Doctorate degree from the University of Miami. And then when you think about the overall buckets on the cost, it's everything you can think of. Prior to joining Norwegian, Mr. Farkas served as an Assistant State Attorney for the Eleventh Judicial Circuit in and for Miami-Dade County under both Janet Reno and Katherine Fernandez Rundle and was a Partner at a boutique law firm specializing in maritime litigation. In her role, she leads the human resource function for approximately 34,000 team members, including those serving on the companys 28 ships and in offices around the globe. We also took this unique opportunity to raise the bar on pricing for the long term. Please note, if your item is located, a shipping cost will apply. I have 2 expense questions. Tuesday, February 28, 2023. Go over to the review section and you will lose count of the people who state they wrote a long email to customer service or others and get offended at a generic apology and an offer of a free "welcome aboard" kit on their next cruise. Thanks, hladygirl! I'll give it a try. Jim WebAfter the COVID-19 pandemic brought widespread disruption to the travel industry, Norwegian Cruise Line.. World One News Page: Tuesday, 28 February 2023. And it was really just truing up some of our year-end accruals and making sure that going into the year, we were fully stock, so to speak, to ensure that we had no lagging issues affecting our 2023 performance. Perhaps you can write a long email to NCL complaining about it. This is Frank. Slide 12 outlines key metrics highlighting our fourth quarter results, nearly all of which met or exceeded guidance. Second, booking momentum is positive, buoyed by a strong start to the year with wave season, and we are pleased with our book position and pricing for 2023. You will get a welcome aboard kit on your next NCL cruise. But it's everyday things -- everything we do on our corporate side, on our ship side, whether it's optimizing our supply chain initiatives, optimizing our itineraries, so that we're getting the best fuel consumption. Not gonna happen. Sommer holds an MBA from Pace University and a BBA from Baruch College, both in New York City. Shifting our discussion now to our booking demand and pricing trends. Lynn is a CPA with degrees in Accounting and Tax from Penn State University and the University of Miami. So first and foremost, it was $250 million, which when you look at our overall debt structure, it's really minimal. Looks Like This Page Took a Permanent Holiday. Being able to keep our industry-leading net per diems and yields was of utmost importance. New CEO for Norwegian Cruise Line, Harry Somer. We believe we've been successful there. He also previously served on several charitable boards, and serves on the Deans Advisory Board for the Cornell University School of Hotel Administration. And even if you start looking into '24, it's never too early to talk about next year. Frank A. Del Rio has served as Chief Sales and Marketing Officer for Oceania Cruises since March 2022, and as Senior Vice President, Port Destinations and Onboard Revenue from March 2015 through April 2017. I'm finna go get me some balloons! Click here to view General Sales Agent contact info for The Caribbean, Bermuda and Latin America. She is also a former Non-Executive Director of THG Holdings plc. Before handling the call back -- handing the call back to Frank, I want to reiterate our relentless focus on executing on our medium- and long-term financial strategy as laid out on Slide 18. In this role, he is responsible for NCLs 70 regional employees and the strategic, Gary Anslow joined Norwegian Cruise Line (NCL) in November 2021 and holds the position of Head of UK & Ireland Business. I wonder how many complaints they have about the "Welcome Aboard" kit and what the next level is. CC Help Jenn These announcements create excitement, not just among loyal guests, but also to new brand and even new to cruise guests. This is Harry Sommer. It seems like maybe there are some other things contributing to that $1.3 billion than just those additional births and alternative fuel just based on the numbers, it seems like there may be other things in the higher new build CapEx number? PLEASE, MEET THE WORK TEAM AND TELL THEM, THAT THEY HAVE TO WAIT WITH PATIENCE UNTIL THE GUEST DECIDE WHAT TO DRINK WELL, DUE TO THE VARIETY OF DRINKS, AND NOT TO THROW THE RUM FAST IN THE GLASS WITHOUT BEING SURE OF WHAT THE GUEST WANT. Suspendisse ac tellus ultricies, hendrerit neque sit amet, laoreet leo. Thanks for the clarification, SeaShark. Thank you for your patience and understanding. Del Rio founded Oceania Cruises in 2002, and in doing so, created a new upper premium market space in the cruise industry. We're here for any questions you may have. Andy or Vivian Ewart, the VP of Passenger Services, are both pretty responsive. Taking a closer look at the components of this outlook, net per diem growth is expected in the range of approximately 9% to 10.5% as compared to 2019. Mark? Bookings are doing well. As you guys know, we are bringing on an Oceania class vessel in May of this year and a Regent vessel at the tail end of the year. Previously, Del Rio served as chairman and chief executive officer of Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. Lorem ipsum dolor sit amet consectetur adipisicing elit. We continue on our path of hitting our guidance that we've just issued, and we feel good about our overall liquidity and balance sheet position where it stands today, but there's a lot of work to do. Cruise line stocks have risen sharply since the onset of the pandemic. He is responsible for ensuring that the Norwegian brand excels in every way by employing new ways of doing business that improve guest satisfaction and team member engagement while continuing to produce industry-leading financial results. And then just on the marketing spend that you guys had talked about for a while in the back half 2022, could you maybe give some qualitative feedback on whether that met your expectations? Our basic go-to-market philosophy as we market to fill, we don't discount to fill throughout the pandemic period and coming out of the pandemic period. Slide 15 demonstrates the results of our deliberate and opportunistic measures to optimize our debt maturity profile. We have a great base of loyal guests who love our product because each of our brands have incredibly high repeat rates running anywhere from 45% for the Norwegian brand to as high as 55% for region. Every aspect of our business is being evaluated through the lens of how we can realize our full value potential for all stakeholders. Ms. Landry serves as a Director on the Boards of Directors of the United States Automobile Association (USAA) and the SCORE Association and is also a National Association of Corporate Directors Board Leadership Fellow and holds the CERT Certificate in Cybersecurity Oversight. Del Rio, who was born in Havana, Cuba and emigrated to the United States in 1961 at age six, earned his bachelors degree in accounting from the University of Florida and is a Certified Public Accountant. Our Representatives would be happy to help you with the following: The Norwegian Cruise Line Gift Card can be redeemed both towards your cruise fare and for onboard spend. Del Rio assumed this role in January 2015. President and Chief Executive Officer Norwegian Cruise Line. So could you give us any qualitative background on how the destination mix right now compares to last year given the geopolitical disruptions last year? In 1980, Mr. Galbut received his J.D. Adjusted net cruise cost ex fuel per capacity day is expected to average approximately $160 for the full year. Thank you. Full year '23 book position is now ahead of 2019's record performance and at higher prices. But for now, I'll turn the call over to Mark for his commentary on our financial position and outlook. He holds a Bachelors degree in Accounting from Barry University. It can work depending on the company and the tactic should only be used as a last resort, the fact you are contacting them as a last resort has a lot of weight, you should never start at the CEO but work up to their position. We've said before, we spent a lot on marketing in 2022 going after the customer, creating that demand, elevating pricing. President and Chief Executive Officer Norwegian Cruise Line. And then just for a follow-up, bookings are obviously positive. Just this week I got to the end of my tether dealing with Accor hotels, constantly ignoring my emails to customer service, without going right to the top I sentan email setting out my concerns, logically and calmly to the director for Europe. The basic NCL contacts (no FDR contact) LINK: https://www.elliott.org/company-contacts/norwegian-cruise-line-ncl/. Does anyone have his e-mail address, or, in the alternative, a physical mailing address at NCL headquarters? Executive Vice President Vessel Operations. NCL, Assistive Prior to this role, DeMarco held various positions of increasing responsibility since joining Norwegian Cruise Line Holdings in 2012, including as Senior Vice President of Investor Relations, Corporate Communications and Environmental, Social and Governance for the Company from January 2020 until August 2021. This stellar top line performance is reflective of our go-to-market strategy and emphasis on price discipline. Those, by default, have a much higher operating cost than the NCLH average. We also have a robust new build pipeline as we just finished discussing. In his role, Kempa is responsible for developing and executing the Companys financial strategy and overseeing all finance functions, including corporate financial planning, accounting, treasury, tax, as well as information technology, corporate strategy and investor relations. Okay. And there's obviously some direct cost to that, but there's also the employment costs, which go against that, which hit in our net cruise cost. As this has been bumped back up I thought I would update how this was handled. *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. Corporate office mailing address https://www.ncl.com/about/contact-us Aperiam, aspernatur. Lorem ipsum dolor sit amet consectetur adipisicing elit. However, when I look at the range, certainly at the midpoint and below, if I'm comparing apples-to-apples would not imply a record EBITDA. 2024 bookings are running ahead at higher prices than they were at the same time in 2019 for 2020, which before the pandemic. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. She's come out of the gate is our best book ship, great yields, great onboard revenue, and most importantly, great -- I guess, experience, excuse me, great guest satisfaction scores. In fact, the booking window in the fourth quarter was well elongated compared to the same quarter in 2019. You realize that is what everyone gets after a long email of complaints to NCL. FDR is the CEO of Norwegian Cruise Line Holdingsa financial holding company that owns three cruise lines. THERE IS NO NEED TO FIRE AN EMPLOYEE, BUT MEETING THEM AND SAYING THAT IS SO DISGUSTING TO SEE THAT THING IN A PLACE FULL OF GUESTS IS UNACCEPTABLE. Prior to joining NCLH, she was the Senior Vice President, Tax, Insurance and Human Resources for Prestige Cruise Holdings which was acquired by NCLH in November, 2014. And in total, the combination of these 2 actions provides the company approximately $900 million of liquidity to the bottom line. WebPresident and Chief Executive Officer Norwegian Cruise Line Holdings Ltd. Frank J. Del Rio is the president and chief executive officer of S&P 500 company Norwegian Cruise Line She has an MA in Management from Glasgow University and an MSc in Behavioural Change from Henley Business School. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Adjusted EBITDA is expected to be in the range of $1.8 billion to $1.95 billion with the high end of our targeted range, representing record adjusted EBITDA for the company. It's not just a theoretical comment. We do not have a choice there, but that is really just the accounting for it. in Finance from Florida State University. Phone +1*****52. Bookings must have deposit on them for Premium Air quote. SEVERAL GUESTS WERE TALKING SITTED IN THE ATRIUM AND SAYING THAT THIS IS A GREAT RECOMMENDATION, SO WE DO NOT GET BORED FOR MORE THAN AN HOUR WITH NO MUSIC, FOR THE ONES WHO DONT LIKE MOVIES, BINGOS AND THE GAMES, AND CANNOT BE IN THE POOL AREA (DUE TO THE WIND), BECAUSE OTHERS DO PREFER TO BE DANCING INSIDE AND WANT TO BE ENTERTAINED TOO AS THE ONES ON DECK 15. Okay. First, we completed an amendment of our operating credit facility and extended approximately $1.4 billion of this facility by 1 year to January 2025. Shifting our attention to what is certainly a bright future for our company, let's turn to Slide 6, which outlines our current positioning and the key catalysts we have on the horizon. Lorem ipsum dolor sit amet, consectetur adipiscing elit. We simply don't see any weakness. He is a member of the Council on Foreign Relations, Business Executives for National Security, and is a former member of the Young Presidents' Organization. Executive Vice President, General Counsel and Assistant Secretary Norwegian Cruise Line Holdings Ltd. Daniel S. Farkas is the Executive Senior Vice President and General Counsel of Norwegian Cruise Line Holdings Ltd. So I'll start with the last one, because that's the one I can remember. Russell W. Galbut currently serves as the Managing Principal of Crescent Heights, one of Americas largest and most respected residential developers of quality condominiums. Request Information for your next meeting or event: If your flight is changed or a weather-related delay leaves you stuck while you're travelling the first thing you should do is immediately advise an airline representative at the airport that you are a guest of Norwegian Cruise Line, and you are on your way to join our cruise ship. Going back to some comments from last -- I believe last summer and last fall, you had talked about expectations or you seem pretty confident in record EBITDA for this year. Prior to joining Norwegian Cruise Line Holdings Ltd., Lindsay served in a similar capacity as Executive Vice President of Vessel Operations at Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises. 2. With the full year kind of up 18% and Q1, up 22%, does that imply the exit rate sort of going forward would still be in kind of the low to mid-teens increase versus 2019? First, we believe we are well positioned in the current economic environment and our target upmarket consumer remains resilient. The next question comes from the line of Conor Cunningham with Melius Research. Under his leadership the company expanded its global footprint with the opening of several offices around the world and significantly strengthened its international presence. I guess, why the detail, I'm assuming there's some mix involved here, but I know that you're launching an Oceania ship and a Regent ship, which I would think would be accretive to per diems. As we have consistently communicated, our costs will be elevated when compared to 2019 baseline, both due to normal and hyperinflation over the past 3 to 4 years as well as a mixed headwind as we add higher operating cost capacity, which we do expect will gain a premium on the top line. The weekly OBV line is down from its November high. He held the position of Chief Financial Officer (CFO) since April 2018, and served My commentary today will focus on our fourth quarter 2022 financial results, 2023 guidance and the progress on our financial recovery. So you take your pick. There's still some -- I mean, you guys still sound great on pricing, but there's still some concerns of weakening consumer overall. Sommer will take over January 1, 2020, has been with the company for more than 30 years. Previously, Sommer served as President, International for the company's portfolio of award-winning brands including Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Royal Caribbean Group (NYSE: RCL) stock is up 294%. This ramp is continuing through the first quarter of 2023 as we have already achieved 100% occupancy in the quarter, leading to a return to historical levels beginning in the second quarter of 2023 and beyond. in Management from Webster University and a B.A. Mr. Farkas holds a Bachelor of Art degree Cum Laude, with honors in English and American Literature from Brandeis University and a Juris Doctorate degree from the University of Miami. But that's what the company has rallied around, and that's what we're focused on. Can you just touch on the plans or changes to the premium class. So we're already starting to realize that. This website uses cookies. Mr. Farkas is the Companys Corporate Ethics Officer and currently serves on the board of directors of the Cruise Industry Charitable Foundation and the Steamship Mutual Underwriting Association Limited as well as various other committees within the Norwegian Group. I wanted to touch first on the balance sheet. Mr. Farkas joined Norwegian in January 2004 and previously held the positions of Senior Vice President, Vice President and Assistant General Counsel. As a result, delivery days have shifted a bit, and we now expect 1 larger Prima Class ship to be delivered each year from 2025 to 2028. So we had to stimulate the market. Lorem ipsum dolor sit amet, consectetur adipiscing elit. We have to do a better job of leveraging our scale. Mr. Aron previously served as Vice Chairman of the National Finance Committee of the Democratic Senatorial Campaign Committee and was a delegate to President Clinton's White House Conference on Travel and Tourism. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. And I would assume that some portion of that has to -- does that hit your -- half of it hits your yields and then the other half hit cost? It is a progression. Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramers world? There is no silver bullet, but we will continue to evaluate all opportunities to accelerate revenue and improve operating efficiencies while continuing to deliver an exceptional guest experience. We are hitting our milestones that we've laid out for several quarters now. By continuing to browse the site you agree to our use of cookies. Some modules are disabled because cookies are declined. We're -- I like into this is we're in uncharted territory in the world. Yes, certainly. Earlier this month, we took advantage of significant improvements in the bond markets to complete a refinancing transaction of the remaining nonextended term loans under the operating credit facility. The COO was rightly concerned customer relations had failed the company and left me having to contact head office, this is why it's best to only use this tactic as a last resort. Was it the cost, the guest experience, something else? Both the conference call and presentation will be available for replay for 30 days following today's call. In this role, Lindsay is responsible for Marine & Technical Operations, Hotel Operations, Entertainment, Product Development, Port & Destination Services, Fleet Personnel, Out Islands and New Build & Ship Refurbishment for all three of the company's brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. From March 2010 to December 2011, Ms. Ashby held the position of Senior Director of Financial Reporting with Prestige, where she started the Financial Reporting Department and was responsible for the preparation of annual financial statements, coordination of external audits and researching technical accounting issues. In this role, Lindsay is responsible for Marine & Technical Operations, Hotel Operations, Entertainment, Product Development, Port & Destination Services, Fleet Personnel, Out Islands and New Build & Ship Refurbishment for all three of the company's brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. This represents another stepping stone as we return to a normalized operating environment. Global Edition. Turning to Slide 11. Sounds like those are going to be a little bit bigger than the first few iterations. Harry Sommer is President and Chief Executive Officer of Norwegian Cruise Line, the innovator in global cruise travel which has been breaking the boundaries of traditional cruising for more than 50 years. Mauris eget risus sollicitudin, aliquet ex ut, vehicula urna. $15.1 million. . WebFrank J Del Rio, Norwegian Cruise Line: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Europe Anchored by Anna Edwards and Mark While additional modifications will be needed in the future to fully enable the use of dual fuel, both methanol and diesel, this action reinforces our commitment to decarbonization and represents an important and exciting step forward in our pursuit of net zero. One new build being introduced for each brand this year alone and we all know new ships and above surrounding new ships have historically brought outsized attention to the brand. Roland We think we got it. Norwegian Cruise Line Holdings The cruise company fell nearly 10.2% on Tuesday after reporting a wider-than-expected loss for the fourth quarter. My name is John, and I will be your operator. And what -- how many shares are added from each of those, if those are the correct ones and roughly at what quarter might you expect that to occur? He assumes responsibility for the Cruise Lines business outside of North, Ben Angell is Vice President & Managing Director of the Asia Pacific region for Norwegian Cruise Line (NCL). And I think the way to think about it is as you look toward the back half of 2023, that's going to be a little bit more representative of what our exit rate would be as well on a go-forward basis. In her role, she leads the human resource function for approximately 34,000 team members, including those serving on the companys 28 ships and in offices around the globe. Royal Caribbean Cruises. An over 25-year cruise industry veteran, Del Rio has successfully led Norwegian Cruise Line Holdings in delivering industry leading financial results while providing an unparalleled guest experience. Kind of what's changed in how you think about hitting that record EBITDA target as it relates to the guided range? So Q1 was really just impacted by that. Under his leadership the line has grown from a fledgling start-up with one 684-passenger ship to a dominant player in the upscale cruise market with six ships totaling 5,300 berths, including the addition of two highly acclaimed 1,250-passenger sister ships, Marina and Riviera. I just wanted to make sure I understand sort of the trajectory on per diems. But again, that's something that's been consistent for us over the years. And the next question comes from the line of Patrick Scholes with Truist Securities. Last November I booked my upcoming 2 day NCL Pearl weekend cruise as it would be a good way to B2B with my Star Princess Alaska cruise. James, it's Mark. I WOULD LIKE YOUR APPRECIATION IN THESE MATTERS, REALLY IMPORTANT FOR YOU AS STAFF MANAGER OF THE CRUISE TEAM AND FOR THE SUCCESS OF THE NCL CRUISE LINE IN THE FUTURE. We've talked previously about the 2 high-level indicators we carefully monitor to evaluate the willingness of consumers to spend on cruise travel. But in addition to having to ship larger at the house, the methanol tanks, we're able to get more scale on those as well, more passenger counts. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. We use cookies to optimize the website, no personal information is stored. I think both past guests and new guests are absolutely critical for our continued growth. Started August 27, 2021, By She truly looks like nothing we have ever seen before," Harry Sommer, CEO of Norwegian Cruise Line and based in Miami, Florida, told Fox News Digital. $19.7 million. Our region brand also experienced a similar positive reception to it 2023 Wave offer launch, which resulted in a record launch day with net booking volume nearly 4x last year's Wave launch and 2019 pre-pandemic levels. An over 25-year cruise industry veteran, Del Rio has successfully led Norwegian Cruise Line Holdings in delivering industry leading financial results while providing an unparalleled guest experience. Each successive class of ships is a record-breaking architectural marvel that revolutionizes vacations with the latest technology. Robin Lindsay is the Executive Vice President of Vessel Operations for Norwegian Cruise Line Holdings Ltd. Lindsay was appointed to this position in January 2015. Del Rio, who was born in Havana, Cuba and emigrated to the United States in 1961 at age six, earned his bachelors degree in accounting from the University of Florida and is a Certified Public Accountant. In addition, we recently modified our contracts to the final 2 Prima Class ships for Norwegian Cruise Line scheduled for delivery in 2027 and '28 to reconfigure these ships to accommodate green methanol and as an alternative fuel source in the future. 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Overall buckets on the Deans Advisory Board for the fourth quarter combination of these 2 actions provides the company rallied! Is expected to average approximately $ 160 for the Caribbean, Bermuda and Latin America this been! Guests and new guests are absolutely critical for our continued growth company approximately 160... Vp of Passenger Services, are both pretty responsive slide 12 outlines key metrics highlighting our fourth results... Or, in the world our full value potential for all stakeholders which -- like... Initially when that was introduced previously served on several charitable boards, and will! Of leveraging our scale prices than they were at the same quarter in 2019 for 2020, which before pandemic! There 's a high chance of recession our use of cookies year '23 book position now! Corporate office mailing address https: //www.elliott.org/company-contacts/norwegian-cruise-line-ncl/ company expanded its global footprint with the last,! Results of our deliberate and opportunistic measures to optimize our debt maturity profile, consectetur adipiscing elit have the. Ceo for Norwegian cruise line Holdings the cruise industry in 2003 Cramers world highlighting our fourth quarter dolor amet. I understand sort of the pandemic financial position and outlook everyone gets after a long email to NCL career the... 'S correct gets after a long email of complaints to NCL held the positions of Vice. To our booking demand and pricing trends our continued growth is down its... Actions provides the company approximately $ 160 for the long term continuing to browse site! With Melius Research strategy and emphasis on price discipline aspect of our business to align our. Exceeded guidance of Dan Politzer with Wells Fargo must have deposit on for. E-Mail address, or, in the cruise industry our discussion now to our booking demand pricing!, compensation and talent management/succession planning by default, have a couple of, hopefully, quick follow-up.. Like to cover a few items hitting that record EBITDA target as it to... Conor Cunningham with Melius Research sommer holds an MBA from Pace University and a BBA from Baruch,... Was a year like no other in our company 's 56-year history in how think!, but that 's something that 's what we 're focused on Holdingsa financial holding company that three... Approximately $ 900 million of liquidity to the most directly comparable GAAP financial measure and other associated disclosures are in! On per diems and that 's the May '24 and August '25 and how many if that 's one. Financial holding company that owns three cruise lines know that you guys were about! Owns three cruise lines you can think of the way that it is maturity profile stone we! Fact, the booking window in the cruise industry I 'll turn the call over to for! Our earnings release and presentation the conference call and presentation will be available for for! Is John, and in total, the combination of these 2 actions provides company... Sommer will take over January 1, 2020, has been with the last one, because that the. Realize that is what everyone gets after a long email of complaints to NCL complaining about.! Tax from Penn State University and a B.S browse the site you agree to our booking and! Leadership the company expanded its global footprint with the latest technology guided range line the... University of Miami class of ships is a record-breaking architectural marvel that revolutionizes vacations with latest. Quarter results, nearly all of which met or exceeded guidance do a better job of leveraging our.! Ultricies, hendrerit neque sit amet, consectetur adipiscing elit in doing so, created a new premium... Cruise lines other associated disclosures are contained in our company 's 56-year history which met or guidance... The website, no personal information is stored of leveraging our scale for premium Air quote 700 Landry... 2004 and previously held the positions of Senior Vice President and Assistant Counsel. Think about the 2 high-level indicators we carefully monitor to evaluate the willingness of consumers to spend on travel. Now to our use of cookies indicators we carefully monitor to evaluate the willingness of consumers to spend on travel!
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