Higher pricing and on-board spending lifted Norwegian Cruise Line Holdings' first quarter profit well above the company and Wall Street's expectations, and NCLH raised its full-year guidance. Shares were up 3% before market open.
Carnival Corp. has become the first US-based company sued by Americans whose properties in Cuba were seized after the 1959 revolution. Two businessmen holding claims to piers and buildings used by Carnival ships in Cuba acted following a Trump administration policy change.
Lindblad Expeditions Holdings turned in a stronger first quarter as the company managed to maintain high yields and occupancy following the introduction of coastal ship National Geographic Venture last December.
Yields for Royal Caribbean cruises that include Perfect Day at CocoCay pre-booked experiences are up double-digits versus the same sailings a year ago, Richard Fain said, calling the development a 'game-changer' for the industry.
Robust demand for cruises in Royal Caribbean's first quarter drove $1.31 adjusted earnings per share, sailing past guidance and the $1.11 forecast by Wall Street. The Q1 results and improved revenue outlook will cushion the negative full-year impacts of the Grand Bahama Shipyard incident, the stronger dollar and higher fuel prices.
Royal Caribbean Cruises Ltd. plans to announce first quarter earnings on May 1.