Norwegian Cruise Line Adapts to Disruptions From Cuba Travel Ban
Photo Credit: The pool deck of the Norwegian Pearl Flickr / Kevin Harber
Skift Take
Norwegian Cruise Line's outlook remains bright, despite the industrywide challenge of the Cuba ban in early June.
Rumblings of a recession and a downturn in economic outlook may be on the horizon, but Norwegian Cruise Line Holdings doesn't seem concerned.
In the company's second quarter earnings call on Thursday, CEO Frank del Rio spoke of a "global consumer demand environment that has remained healthy and may be getting healthier — even as we enter the second decade of economic expansion."
For the quarter ending June 30, the cruise line's revenue increased 9.3 percent to $1.66 billion, compared to $1.52 billion in 2018. Meanwhile, profit reached $240.2 million, up from $226.7 million the prior year. Earnings per share were up to $1.11, from $1.01 the year prior.
Norwegian's most notable hurdle duri
