Norwegian Cruise Line Shares Drop After Soft 2026 Outlook and Q4 Miss

Overview

• Norwegian Cruise Line fell 10.53% to $22.18 after releasing guidance that undercut expectations.
• Management projected 2026 adjusted EPS of $2.38 versus Wall Street estimates near $2.55.
• Fourth-quarter revenue came in at $2.24 billion against a roughly $2.35 billion consensus, with net income sliding to about $14.3 million from $254 million a year earlier.
• Executives cited higher fuel prices, operating and drydock costs, and expenses tied to new ship launches, alongside softer booking momentum.
• The company expects first-quarter net yield to decline about 1% due in part to a roughly 40% increase in Caribbean capacity and unfinished facilities at Great Stirrup Cay, as new CEO John Chidsey pledges tighter execution and discipline.