Norwegian Cruise Line's Struggles: New Board, High Fuel Costs
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Norwegian Cruise Lines stock plummeted 24% in January, underperforming peers despite a 6% revenue increase to $2.2 billion. Despite beating earnings forecasts, guidance for next year is flat, with costs rising and earnings per share projected below consensus. Activist investor Elliott Management pushed for board changes, leading to five new directors. Fuel costs are hedged at 51% for next year, but core issues persist, and the new boards impact remains to be seen.
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