Norwegian Cruise Line CEO Says Co Expects Full Year Occupancy Going Forward To Be Roughly 200 Basis Points Lower Than 2019 Levels; CFO Says Reduction In Cost During Q2 Primarily Driven By Lower Food Costs And Crew Optimization Efforts
Portfolio Pulse from Happy Mohamed
Norwegian Cruise Line's CEO has stated that the company expects full year occupancy to be approximately 200 basis points lower than 2019 levels. The CFO also noted that the reduction in cost during Q2 was primarily driven by lower food costs and crew optimization efforts.
August 04, 2023 | 9:11 am
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Norwegian Cruise Line expects lower occupancy compared to 2019, but has managed to reduce costs in Q2 due to lower food costs and crew optimization.
The expected lower occupancy indicates a potential decrease in revenue, which could negatively impact the stock price. However, the company's efforts to reduce costs could mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100