Norwegian Cruise Line Holdings continues its recovery.
In the third quarter of 2026, the group posted revenue of $2.9 billion, with an adjusted EBITDA of $937 million, or $63 million above expectations, according to a press release.
NCLH raises its annual targets and now expects adjusted EBITDA of about $2.55 billion in 2026.
“In this new phase of our recovery, we are focusing on strengthening the Norwegian Cruise Line brand positioning, improving marketing efficiency, and adopting a more disciplined approach to revenue management, with a prudent base-loading strategy. We are seeing early signs of progress and expect a 1 to 2 percent growth in net yield in 2027, with a clear acceleration in the second half“, explains John W. Chidsey, President and Chief Executive Officer of NCLH.
The twelve-month bookings backlog remains below the level deemed optimal. For 2027, prices are up year over year, but first-half occupancy remains lagging. As of September 30, total debt stood at $15.1 billion. The group has since issued $950 million in bonds and sold the Oceania Sirena.
In the third quarter of 2026, the group posted revenue of $2.9 billion, with an adjusted EBITDA of $937 million, or $63 million above expectations, according to a press release.
NCLH raises its annual targets and now expects adjusted EBITDA of about $2.55 billion in 2026.
“In this new phase of our recovery, we are focusing on strengthening the Norwegian Cruise Line brand positioning, improving marketing efficiency, and adopting a more disciplined approach to revenue management, with a prudent base-loading strategy. We are seeing early signs of progress and expect a 1 to 2 percent growth in net yield in 2027, with a clear acceleration in the second half“, explains John W. Chidsey, President and Chief Executive Officer of NCLH.
The twelve-month bookings backlog remains below the level deemed optimal. For 2027, prices are up year over year, but first-half occupancy remains lagging. As of September 30, total debt stood at $15.1 billion. The group has since issued $950 million in bonds and sold the Oceania Sirena.
Meghan Montana will replace Mark A. Kempa as Chief Financial Officer
On the same day, NCLH announced that Meghan Montana will become Chief Financial Officer on January 1, 2027. She succeeds Mark A. Kempa, who has been with Norwegian since 1999 and will remain as an advisor until June 2027.
Arriving in January 2026 as Chief Strategy Officer, she has been overseeing the group’s turnaround plan. She previously served as Senior Vice President of Finance and Development at American Airlines, where she also held the role of treasurer.
Arriving in January 2026 as Chief Strategy Officer, she has been overseeing the group’s turnaround plan. She previously served as Senior Vice President of Finance and Development at American Airlines, where she also held the role of treasurer.
