Norwegian Cruise Line Holdings Ltd

NCLH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Norwegian Earnings: Efforts to Restore Yield Growth Underway, but Turnarounds Take Time

Jaime M Katz

Jul 30, 2026

Norwegian reported a second-quarter yield decline of 2.1%, flat net cruise cost ex-fuel, and adjusted EPS of $0.48, $0.10 above its guidance. Still, the firm nudged its 2026 outlook to the low end of its prior forecast, calling for a yield decline of 4.7%, flat costs ex-fuel, and EPS of $1.50.

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Norwegian Cruise Line Holdings Ltd

Norwegian Earnings: Efforts to Restore Yield Growth Underway, but Turnarounds Take Time

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