Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Spending aboard now carries a third of sales
Onboard revenue rose 12.72% while ticket revenue fell 5.09%, so spending once aboard is what kept sales flat.
For investorsWhat has to go right for net yield to recover?
For foundersPrice the entry low, earn on the extras
Occupancy held at 106.5% as new ships joined, so lower fares, not empty cabins, took the hit.
Operating income fell 16.7% but net income rose 17.21%, because last year's interest bill carried one-off debt losses.
Guests pay for summer cruises months ahead, so profit booked on sailing arrived as cash earlier in the year.
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Business Lens describes Norwegian Cruise Line Holdings from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
