Norwegian Cruise Line Holdings (NCLH) Q2 FY26 earnings call

Norwegian Cruise Line Holdings delivered Q2 results ahead of expectations, driven by strong cost controls and increased capacity. The company is actively executing a strategic turnaround, focusing on leadership changes, marketing effectiveness, and optimizing its booking curve, particularly for the NCL brand. While near-term revenue outlook remains challenging, especially for H1 2027, management is confident that ongoing initiatives and fleet optimization will drive stronger performance and deleveraging over time.