Unknown's avatar

About Spacejunkie2

I love all things Cruise and add that to my hobby Photography I'm in dreamland, I'm an exTravel agency owner with the inside contacts, so I will try to keep you updated in all things travel related with a side serving of images and other maritime stories.

MSC Ready for Alaska Debut, Accelerating North America Growth

MSC Ready for Alaska Debut, Accelerating North America Growth

MSC Poesia Photo Credit Spacejunkie2 – Flickr Account https://flic.kr/ps/GkiQt

MSC Cruises is ready for the Poesia’s debut in Alaska, as the ship will spend the summer sailing Alaska cruises on Mondays from Seattle, marking the company’s entry to the region.

“We’re so excited for this moment,” said Lynn Torrent, president of MSC Cruises North America.

“From the time we announced the program until now, we’ve been approaching Alaska with the understanding that this is a highly seasonal destination. A destination-driven market where the itinerary and the natural environment are such an important part of the experience for our guests.”

The Poesia emerged from drydock freshly refurbished and readied for the market.

“We’ve really thought very carefully about the refurbishment,” she said. “At the same time, we’re making sure that the destination is really reflected in the journey. We’re incorporating Alaska-inspired dining, wellness and enrichment programming. Even the small touches, we have cocktails that bring together the itinerary and the onboard experience, like ‘Unwind in Juneau.’”

Among the headline additions to Poesia is the Yacht Club, MSC’s exclusive ship-within-a-ship concept.

“We know we see not only strong demand for the Yacht Club, but very, very high guest satisfaction,” Torrent noted.

New dining venues including Butcher’s Cut steakhouse and Kyoto sushi bar have also come aboard, along with an enhanced spa.

“Butcher’s Cut rates very high in terms of guest appeal,” she added.

On the responsible tourism front, MSC has inked a partnership with Orca that Torrent called a key differentiator.

“We will have a dedicated Marine Mammal Observer onboard during peak whale season,” she explained. “That allows us to add a strong educational layer to the experience and really give guests something to be excited about.”

From Europe to North America

When MSC first opened Alaska for sale, early bookings skewed heavily toward the line’s established European loyalist base, something Torrent said was fully expected.

“As soon as we opened for sale, our very loyal and robust past guests from around the world came in,” she said.

But the North American mix has strengthened considerably since.

“We’re seeing a very healthy mix from North America,” Torrent said. “It gives us another opportunity to introduce MSC Cruises to new guests and new travel advisors in another part of the country, just like we’re seeing with Galveston. “

Sandy Cay: A Second Private Island

Beyond Alaska, Torrent pointed to Sandy Cay, MSC’s second private destination in the Bahamas, as more major news in the brand’s near-term growth story.

The island, set to open in 2028 within the same 64 square miles of protected waters surrounding Ocean Cay MSC Marine Reserve, is being designed with both MSC Cruises guests and the line’s Explora Journeys ultra-luxury brand in mind.

“We think of Sandy Cay as a natural extension of what we’ve already built in Ocean Cay,” Torrent said. “It complements that experience and really stays true to the nature-rooted identity.”

The island will be a tender operation, with ships docking at Ocean Cay and guests ferried across. It will feature five beaches.

“The goal is really to create something that’s a bit more refined, while maintaining that very relaxed, genuine atmosphere,” she said.

Seashore Updates and Flexible Dining

Coming off an April drydock, the MSC Seashore has received a pair of new food and beverage concept.

Red Cactus BBQ & Ribs, offering breakfast burritos, pulled pork hash, brisket, and ribs from Deck 8 aft. In addition is The Chicken Man, a fried chicken and comfort food venue on Deck 18 aft.

“These venues are good examples of how we continue to evolve the onboard experience based on guest feedback and invest across the fleet,” Torrent said. “It’s not only about new ships, although we’re very focused on that, and new destinations, but it’s also about that constant evolution.”

MSC is also piloting a new flexible dining program called “Dine on Your Time,” currently available on Seashore and Seaside, allowing guests to forgo fixed dining times in favor of open seating. Traditional fixed dining times remain available for those who prefer them.

Eyes Forward

“We’re constantly innovating, expanding, and listening to travel advisors and guests as we really think about how to enhance our product,” she said.

“North America continues to be a key growth market for us, and you’re seeing that as we continue to expand our deployment in Galveston and Alaska, and strengthen our presence in our key U.S. homeports.”

In addition is the new World-Class ship, the MSC World Atlantic, which begins service from Port Canaveral in late 2027.

Three Guests Dead as Oceanwide Battles Suspected Virus Outbreak

Three Guests Dead as Oceanwide Battles Suspected Virus Outbreak

Oceanwide Expeditions has confirmed three guests have passed away onboard the Hondius which is currently located off the coast of Cape Verde.

Media reports said the 174-guest ship is battling a hantavirus outbreak. Information regarding the number of guests and crew aboard was not immediately available.

In addition, one passenger is currently being treated in intensive care in Johannesburg, and two crew members onboard require urgent medical care.

The company said that as of May 3, no authorization from Cape Verdean authorities has been given to disembark guests requiring medical care or to support with medical screening.

“Local health authorities have visited the vessel to assess the condition of the two symptomatic individuals. They are yet to make a decision regarding the transfer of these individuals into medical care in Cape Verde,” the company said.

The company said in a statement that its priority is to ensure that the two symptomatic individuals onboard receive adequate and expedited medical care.

“Dutch authorities have agreed to lead a joint effort in organizing the repatriation of the two symptomatic individuals onboard the Hondius from Cape Verde to the Netherlands.”

The body of the deceased individual is also planned to be included in this repatriation, along with a guest closely associated with the deceased, who is not symptomatic, the company said.

“This repatriation depends on many factors, including the authorization and support of local Cape Verdean health authorities for the transfer of individuals requiring medical attention from Hondius,” the company stated.

Oceanwide stressed it is working closely with local and international authorities, including WHO, RIVM, relevant embassies, and the Dutch Ministry of Foreign Affairs.

Norwegian Reports 2026 Q1 Results

Norwegian Reports 2026 Q1 Results

Norwegian Cruise Line Holdings today reported financial results for the first quarter ended March 31, 2026 and provided guidance for the second quarter and full year 2026.

Highlights

  • First quarter total revenue grew 10% to $2.3 billion. GAAP net income was $105 million, with EPS of $0.23.
  • Delivered Adjusted EBITDA of $533 million in first quarter 2026, exceeding guidance, and representing an increase of 18% compared to 2025. Adjusted Net Income more than doubled to $108 million. Adjusted EPS increased $0.13 to $0.23.
  • Company lowered full year 2026 guidance with Adjusted EPS expected to be $1.45 to $1.79.
  • Company took delivery of Norwegian Luna, featuring an exceptional collection of venues and experiences, including its latest in house production ELTON: A Celebration of Elton John™.
  • Announced Board refreshment with the appointment of five new independent directors effective March 31, 2026, further strengthening the Company’s governance and shareholder value focus.
  • Executed targeted initiatives to enhance its SG&A profile, generating approximately $125 million of expected annualized run-rate savings.

We delivered strong first quarter results, and more importantly we have already begun taking decisive actions to strengthen execution and accountability across the company, which will enhance results over the longer term,” said John W. Chidsey, Chairperson and Chief Executive Officer of Norwegian Cruise Line Holdings.

“During the quarter, we acted with urgency to simplify, optimize, and streamline the organization, including executing SG&A savings initiatives totaling $125 million in expected run rate savings. These are long-term structural actions that we believe will help offset near-term pressures and position the business for stronger performance over time. As we move through the year, we will continue to manage costs and focus on revenue growth to align resources with the high-growth, high value areas of the business. I remain confident and encouraged that we are building a leaner, more effective and nimble organization that positions NCLH for sustainable long-term value creation.”

First Quarter 2026 Highlights

  • Generated total revenue of $2.3 billion, a 10% increase compared to the first quarter of 2025, driven by increased Capacity Days. GAAP net income was $104.7 million compared to $(40.3) million in the prior year, with EPS of $0.23.
  • Gross margin per Capacity Day increased 4.0% versus 2025 on an as reported basis and increased 2.6% on a Constant Currency basis. Net Yield decreased approximately 0.3% on an as reported basis and 1.0% on a Constant Currency basis, above our guidance of a decline of 1.6%.
  • Gross Cruise Costs per Capacity Day was approximately $287, compared to $297 in the prior year. Adjusted Net Cruise Cost excluding Fuel per Capacity Day was approximately $169 on an as reported basis and $168 on a Constant Currency basis, and was down 0.2% on an as reported basis and 1.0% on a Constant Currency basis compared to $169 in 2025, better than guidance.
  • Adjusted EBITDA increased 18% to $533 million, compared to $453 million in 2025, exceeding guidance of ~$515 million. Adjusted EPS increased 121% to $0.23, exceeding guidance of ~$0.16.

2026 Full Year Outlook

The Company is experiencing headwinds related to disruptions in the Middle East, including higher fuel expense and signs of softer demand as consumers reevaluate travel plans, particularly to Europe. As previously noted, the Company entered 2026 behind its targeted booking curve, and these headwinds have hindered the Company’s ability to accelerate bookings and close that gap. These external pressures come as the Company continues to enhance its revenue management system and improve execution, resulting in additional pressure on the business and a reduction in its full year guidance. A summary of the updated full year guidance is provided below:

  • 2026 full year Net Yield on a Constant Currency basis is expected to be down approximately 3% to 5% versus 2025.
  • 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to be approximately flat on a Constant Currency basis versus 2025, reflecting better-than-previously-guided performance driven by workforce optimization and other SG&A savings.
  • 2026 full year Adjusted EBITDA is expected to be approximately $2.48 billion to $2.64 billion.
  • Adjusted Operational EBITDA Margin for the full year 2026 is expected to be 32.9% to 34.3%.
  • Full year Adjusted Net Income is expected to be approximately $679 million to $838 million. Adjusted EPS is expected to be $1.45 to $1.79.

Q2 2026 Outlook

  • Q2 2026 Net Yield on a Constant Currency basis is expected to decline approximately 3.6% versus 2025.
  • Q2 2026 Adjusted Net Cruise Cost excluding Fuel per Capacity Day is expected to grow approximately 1.0% on a Constant Currency basis versus 2025.
  • Q2 2026 Adjusted EBITDA is expected to be approximately $632 million and Adjusted Operational EBITDA Margin for the quarter is expected to be approximately 32.5%.

Booking Environment Update

The Company remains below its optimal booking range following certain execution missteps, exacerbated by softer demand related to heightened geopolitical uncertainty. Recent events related to the conflict in the Middle East have impacted bookings across all three brands, especially in Europe during the summer season. While the near-term environment remains challenging, the Company is taking targeted actions to better align commercial strategy, including marketing, with deployment and revenue management, with the benefits of these actions expected to materialize gradually over time.

Liquidity and Financial Position

The Company is committed to optimizing its balance sheet and reducing Net Leverage. As of March 31, 2026, the Company had total debt of $15.2 billion and Net Debt of $15.0 billion. Net Leverage ended the quarter at 5.3x.

As of March 31, 2026, liquidity was $1.6 billion including approximately $185.0 million of cash and cash equivalents and $1.4 billion of availability under our Revolving Loan Facility.

“During the quarter we delivered better-than-expected cost performance across the business,” said Mark A. Kempa, Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd. “As we navigate a more uncertain macroeconomic and geopolitical environment, we are acting diligently to offset those pressures through targeted SG&A savings and broader efficiency initiatives. Based on the actions taken during the quarter, we now expect full year Adjusted Net Cruise Cost Excluding Fuel to be approximately flat to last year, which should help support margins as we continue to strengthen execution across the business.”

Outlook and Guidance

In addition to announcing the results for the first quarter of 2026, the Company also provided guidance for the second quarter and full year 2026, along with accompanying sensitivities, subject to changes in the broad macroeconomic environment. The Company does not provide certain estimated future results on a GAAP basis because the Company is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of certain gains and charges. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Company’s results computed in accordance with GAAP. The Company has not provided reconciliations between the Company’s 2026 guidance and the most directly comparable GAAP measures because it would be too difficult to prepare a reliable U.S. GAAP quantitative reconciliation without unreasonable effort.