Norwegian Cruise Line Q4 Takeaways: Reduced Losses As Recovery Kicked In, Issues Cautious Outlook - Norwegian Cruise Line (NYSE:NCLH)

Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) reported fourth-quarter FY22 revenue growth of $1.519 billion Tuesday, beating the consensus of $1.500 billion.
Total cruise operating expenses were $1.219 billion versus $717.7 million last year.
The company reported an operating loss of $(280.97) million versus $(686.87) million last year.
The occupancy percentage for the quarter was 86.6% versus 104.5% during the same period in 2019. The company held $947 million in cash and equivalents.
Adjusted EPS loss of $(1.04) missed the consensus loss of $(0.85).
As of December 31, 2022, the company's advance ticket sales balance, including the long-term portion, was $2.7 billion.
"2022 was an eventful year, as we successfully completed our nearly yearlong Great Cruise Comeback, welcomed our newest ship, Norwegian Prima, to our world-class fleet, and achieved several key milestones on our post-pandemic financial recovery," said Frank Del Rio, president, and chief executive officer of Norwegian Cruise Line Holdings Ltd.
"We are now squarely focused on the future and are taking deliberate and strategic actions to best position the Company for its next chapter, which includes an industry-leading growth profile representing approximately 50% Capacity growth over 2019."
Q1 Outlook: NCLH expects Q1 Occupancy to average approximately 100% and is on track to reach historical levels for Q2.
NCLH's Q1 Capacity will likely increase by 19% compared to 2019, including the delivery of three new builds in 2023: Oceania Cruises' Vista, Norwegian Viva, and Regent's Seven Seas Grandeur.
NCLH expects a Q1 adjusted EPS loss of $(0.45) below the consensus loss of $(0.33). It expects FY23 adjusted EPS of $0.70, below the consensus of $1.06.
Price Action: NCLH shares are trading lower by 6.12% at $15.49 premarket on the last check Tuesday.

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