Norwegian Cruise Line projects lower annual profit amid strong demand

Norwegian Cruise Line Holdings reported a strong fourth quarter with adjusted earnings per share of 26 cents, surpassing expectations of 11 cents, and total revenue of $2.11 billion meeting analyst predictions. Despite a positive quarterly performance, the company forecasted an adjusted profit of $2.05 per share for 2025, slightly below the analysts' average estimate of $2.08, indicating potential cooling demand among leisure travelers and rising expenses. Shares of Norwegian Cruise Line rose in premarket trading following the earnings report, reflecting investor optimism despite the muted outlook. The company emphasized strong demand across its itineraries, contributing to a successful 2024 with record total revenue of $9.5 billion. Norwegian's management remains confident in reaching its targets for 2026, bolstered by strategic initiatives and cost management. However, they acknowledged the challenges posed by foreign exchange and fuel costs impacting future profitability.