Norwegian Cruise Line Holdings Ltd. (NCLH) booking revenue soared in its second quarter ended June 30, 2022, as people snapped out of Covid worries. Its passenger ticket revenue came in at $793.89 million, up 50,019.4% year-over-year. However, amid record-high inflation and recession fears, the company is struggling to achieve optimal productivity.
The company had earlier forecasted a loss for the third quarter and revenue below estimates as occupancy rates remained stubbornly below pre-pandemic levels. NCLH projected occupancy in the low 80% range and a net loss for the third quarter while blaming the surging labor and fuel costs.
