Norwegian Cruise Line Holdings Ltd

NCLH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Norwegian Earnings: Widespread Cruise Demand Bolsters Support for Bookings, Fueling Yield Growth

Jaime M Katz

Jul 31, 2025

Second-quarter yield growth of 2.7% and net cruise cost excluding fuel growth of 0.2% led to adjusted EPS of $0.51 at Norwegian. A reiterated full-year outlook for 2.5% yield and 1.1% cost growth indicates demand and cost conditions remain undisturbed despite consumer uncertainty rhetoric.

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Norwegian Cruise Line Holdings Ltd

Norwegian Earnings: Widespread Cruise Demand Bolsters Support for Bookings, Fueling Yield Growth

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