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StockNews.com
StockNews.com
Business
Pragya Pandey

Will Norwegian Cruise Keep Sinking in Coming Recession?

NCLH

Norwegian Cruise Line Holdings (NCLH) is a global cruise company that operates the brands Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With a combined fleet of 28 ships and about 60,000 beds, these brands provide cruises to over 490 locations worldwide.

The stock is down 63% over the past year and 44.7% year-to-date to close yesterday’s trading session at $11.46. While the company has witnessed strong demand and growth in bookings in the last reported quarter, it continues to battle with accelerated costs to resume cruise voyages. Its total cruise operating expense surged 266.1% in 2022.

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