NCL Profits and Revenues Surge on Higher Passenger Demand

Norwegian Cruise Line Holdings – which operates the NCL and Oceania Cruises lines – has reported better-than-expected bumper revenue and profit figures for 2024 driven by surging passenger demand.

The group generated full-year revenues of $9.5bn – up 11% year-on-year – and net income of $910.3m; a near 450% yearly increase.

NCLH President and CEO, Harry Sommer, said: “2024 was marked by strategic and transformative milestones for Norwegian Cruise Line Holdings. From launching our Charting the Course strategy, announcing an ambitious newbuild programme and the construction of our Great Stirrup Cay pier, and successfully executing brand initiatives and new guest experiences across our entire portfolio, we have laid out a solid foundation for an exciting future.

“These achievements, driven by the dedication of our over 41,000 team members both shoreside and shipboard, led to exceptional financial performance with record revenue, Net Yield growth, and Adjusted EBITDA, enabling us to further strengthen our balance sheet and reduce our Net Leverage two full turns. Through disciplined cost management and by capitalizing on strong demand, we remain confident in achieving our 2026 Charting the Course targets.”