Norwegian Cruise Line Holdings earnings rose for the second
quarter, powered by stronger-than-expected revenue and pricing.
"Second quarter was great, better than we anticipated.
It's really a number of things," interim CFO Mark Kempa said in a
One was the high performance of the company's newest ship, the
Norwegian Bliss, compared to previous ships. The Bliss started sailing in the
middle of the quarter in Alaska.
A second factor was higher onboard spending in the rest of
the fleet, Kempa said.
Beyond that, with the remaining inventory, there was very
strong pricing on close-in bookings.
"It was really coming from all fronts, and not one
particular area," Kempa said.
For the quarter, Norwegian posted net income of $226.7
million, up from $198.5 million a year earlier. Revenue increased 13.2%, to
CEO Frank Del Rio said that as of June 30, the value of
advanced ticket sales was up 26% over the same time a year ago, while stateroom
capacity was up 9%.
Shortly before noon, NCLH shares were ahead 3.6% from
yesterday's closing, with the broader market up 0.5%.
NCLH raised its net income guidance for all of 2018 to
between $1.05 billion and $1.07 billion, including $22 million in expected
expenses and lost revenue from its shift of the Norwegian Joy from China to
Alaska, along with other deployment moves.