Tue, Sep. 27, 11:06 AM
- There's a positive vibe in the cruise line sector a day after Carnival (CCL +3.8%) reported pleasing numbers yesterday.
- Carnival execs said Zika was hardly a factor during the earnings call as they noted first-half 2017 bookings are ahead of last year's pace.
- CCL on Zika: "We’ve seen no material impact from Zika. We didn't get any cancelations or they’re not enough to mention. We didn't see any impact on booking volume or timing or anything."
- Norwegian Cruise Line Holdings (NCLH +2.4%) and Royal Caribbean (RCL +2.5%) are both following their peer higher.
- Carnival earnings call transcript
- Previously: Carnival beats by $0.03, beats on revenue (Sept. 26)
- Previously: Shares of Carnival backtrack despite solid guidance (Sept. 26)
Fri, Sep. 9, 7:33 AM
- Bernstein launches coverage on Norwegian Cruise Line Holdings (NASDAQ:NCLH) with an Outperform rating on a call tied to valuation. Norwegian fell to a 52-week low yesterday.
- The investment firm assigns a price target of $44 to the cruise line stock.
- Shares of NCLH are up 0.52% premarket to $34.58 vs. a 52-week range of $34.36 to $64.27.
Fri, Sep. 2, 10:15 AM
- Carnival Corp is lower 4.75% after a downgrade to Underweight from Morgan Stanley, whose survey of cruise travel agents showed neutral to negative booking trends for the important month of August, with agents for the first time noting the Zika virus as hurting business.
- Royal Caribbean (RCL -2.4%), Norwegian Cruise (NCLH -3.4%)
- Fading the moves of those giants, though, is Lindblad Expeditions (LIND +1.9%).
Thu, Aug. 11, 12:51 PM
- The National Ocean and Atmospheric Administration raised its outlook for the hurricane season in the Atlantic. The agency expects the period running through November 30 to be the busiest for Atlantic hurricanes since 2012.
- Forecasters assign a 70% chance of 12 to 17 named storms, of which 5 to 8 are expected to become hurricanes. There is only a 15% chance for a below-normal season.
- Hurricanes have impacted earnings at Carnival (CCL +1.1%), Royal Caribbean (RCL +1.5%), and Norwegian Cruise Line Holdings (NCLH +2.5%) in the past, depending on timing and location.
- Update NOAA forecast
Tue, Aug. 9, 9:19 AM
Tue, Aug. 9, 8:48 AM
- Norwegian Cruise Line Holdings (NASDAQ:NCLH) reports adjusted net yield increased 1.2% on a constant currency basis in Q2 primarily due to efficiencies in cost of sale.
- Passenger ticket revenue grew 3.87% to $818.48M.
- Onboard and other revenue expanded 23.84% to $368.36M.
- The occupancy rate dropped 210 bps to 106.6% during the quarter.
- Fuel price per metric ton was down 15.9% Y/Y.
- Operating margin rate fell 90 bps to 32.2%.
- NCLH -8.26% premarket.
Tue, Aug. 9, 7:35 AM
Mon, Aug. 8, 5:30 PM
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Tue, Aug. 2, 2:10 PM
- Rising concerns over currency exposure is sweeping over the cruise line sector. The issue was teed back up today after Royal Caribbean Cruises (NYSE:RCL) lowered its full-year profit guidance.
- Though Royal Caribbean's forward bookings were roughly where they were expected to fall in Q2, the company's report indicated that weaker foreign currencies are likely to be a significant sector-wide drag.
- Shares of Royal Caribbean are down 6.4%, while Carnival (CCL -3.1%) and Norwegian Cruise Line Holdings (NCLH -6.9%) are also lower.
- Previously: Net yields improve for Royal Caribbean Cruises (Aug. 2)
Fri, Jul. 15, 2:27 AM
- Eight months after a murderous rampage in Paris, a deadly attack in the French coastal city of Nice has killed at least 84 people and wounded scores.
- The "terrorist" gunman, described as a French national of Tunisian descent, drove a heavy truck at high speed into a crowd that had been watching Bastille Day fireworks along the Riviera.
- Equities are trading lower, weighed down by travel and tourism stocks, in yet another terror driven selloff.
- CAC 40 -0.6% to 4,358.
- Related tickers: EXPE -2.4%, PCLN -1%, TRIP -1%, NCLH -3%, RCL -2.5%, CCL -0.2%, AAL -1.4%, UAL -1.2%, DAL -1.5%.
Thu, Jul. 14, 10:29 AM
- Norwegian Cruise Line Holdings (NCLH +0.7%) CEO Frank Del Rio issued some positive insight on trends in the cruise line sector during an interview with TheStreet.
- The exec cited ticket price increases and strong demand in emerging markets as two positive factors amid a tough year headlined by Brexit and terrorism incidents.
- Del Rio's outlook: "It's a very resilient industry, and we are marching through these difficult periods. But fundamentally I see the American consumer, even the European consumer, being strong."
- Related stocks: CUK, CCL, RCL.
Mon, Jun. 27, 10:04 AM
- Worries over the economic fallout of Brexit intensified in London today after easyJet (OTCQX:ESYJY) said the Brexit vote will likely lead to “additional economic and consumer uncertainty” over the summer - a key time for cruise operators.
- Carnival (CCL -4%), Royal Caribbean (RCL -4%), Norwegian Cruise (NCLH -3.1%), Lindblad (LIND +2%)
Tue, Jun. 7, 9:16 AM
- Sterne Agee CRT launches coverage on Norwegian Cruise Line Holdings (NASDAQ:NCLH) with a Buy rating.
- The investment firm lines up a price target of $60 on the stock.
- The Wall Street scorecard on NCLH includes 14 Buy ratings and a single Hold rating. There isn't a Sell rating to be found. A contrarian play on the Wall Street consensus on the cruise line sector was presented last month by Dane Capital Management with a bullish article on Lindblad Expeditions Holdings (NASDAQ:LIND).
Tue, May 10, 9:16 AM
Tue, May 10, 7:17 AM
- Norwegian Cruise Line Holdings (NASDAQ:NCLH) reports adjusted net yield rose 3.6% on a constant currency basis in Q1 to $212.42.
- Passenger ticket revenue increased 10% to $740.11M.
- The occupancy rate during the quarter was up 140 bps to 107.4%.
- On the expense side, fuel price per metric ton was down 17% Y/Y.
- The cruise line operator discloses that its current booked position for 2016 is on par with last year's levels and at higher prices.
- NCLH +5.93% premarket to $52.17.
- Previously: Norwegian Cruise Line Holdings beats by $0.01, misses on revenue (May 10)
Tue, May 10, 7:05 AM