Norwegian Cruise Line Achieves First Profitable Year Since 2019 Amid Record Bookings

The cruise operator forecasts a positive first-quarter profit for 2024, driven by high demand and increased ticket prices.

Norwegian Cruise Line Holdings reported its first profitable year since 2019, with a net income of $166.2 million.
The company's shares surged following a positive 2024 forecast, with an expected adjusted profit of about $635 million.
Record-high booking levels were achieved due to strong demand, particularly for Caribbean and European cruises.
Advance ticket sales ended 2023 at a year-end record of $3.2 billion, a 56% increase from the end of 2019.
The company experienced a slight dip in occupancy in the fourth quarter to 99.2% due to cancellations of Middle East cruises amid violence in Gaza.