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NCL Delivers Solid Quarter Despite Hurricane Dorian Impacts

November 7, 2019


For the period ended September 30, 2019, the company generated GAAP net income of USD 450.6 million compared to USD 470.4 million reported a year earlier. The result includes a USD 0.06 per share impact from voyage cancellations, itinerary modifications and relief efforts related to Hurricane Dorian.

Total revenue increased 3% to USD 1.9 billion on a decrease in capacity days of 1.8% compared to slightly less than USD 1.9 billion in 2018. This change was primarily due to a rise in net yield driven by the repositioning of Norwegian Joy to North America, robust onboard spending along with strong growth in organic pricing across all core markets. Gross yield was up 4.8%, while net yield increased 3.9% on a constant currency basis, outperforming August guidance by 215 basis points.

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