An over 25-year cruise industry veteran, Del Rio has successfully led Norwegian Cruise Line Holdings in delivering industry leading financial results while providing an unparalleled guest experience. Lorem ipsum dolor sit amet consectetur adipisicing elit. Areas of focus include business partnerships, benefits, compensation and talent management/succession planning. Unless otherwise noted, my commentary on net per diem, net yield and adjusted net cruise cost, excluding fuel per capacity day metrics is on a constant currency basis. To share any questions or concerns with our guest experience team after your cruise, please click below. Kind of what's changed in how you think about hitting that record EBITDA target as it relates to the guided range? Pro forma for these recent transactions, our liquidity position at year-end is approximately $1.8 billion, which includes approximately $650 million under the available commitment. Accept cookies to experience the full functionality of this page. We do not have a choice there, but that is really just the accounting for it. Thank you for your patience and understanding. Its not their job to read and respond to customer email. Mauris eget risus sollicitudin, aliquet ex ut, vehicula urna. 8:18p Automated measures have detected potentially unusual traffic from your computer or network which may be in violation of our website's terms of use. free lookups / month. And we turned the year in our best book position ever. Second, we also entered into a new $300 million unsecured and undrawn backstop commitment. To find out more, please. Started June 21, 2021, By It sounded like last summer or last fall, that would not have been the intention at that time, but that's changed. We now expect gross tonnage for the third and fourth Prima Class to be approximately 10% larger and the fifth and sixth Prima Class ships to be approximately 20% larger than Norwegian Prima and Viva. And the final question comes from the line of Robin Farley with UBS. Yes. Keep in mind that Frank Del Rio is NOT the CEO of NCL. Please provide specific airlines and flight numbers desired. There's still some -- I mean, you guys still sound great on pricing, but there's still some concerns of weakening consumer overall. Looking at expectations for the full year 2023 on Slide 14. jimdee3636, October 13, 2019 in Norwegian Cruise Line. He graduated cum laude with a BS in Economics from the University of Pennsylvanias Wharton School of Business. Prior to joining Norwegian, Mr. Farkas served as an Assistant State Attorney for the Eleventh Judicial Circuit in and for Miami-Dade County under both Janet Reno and Katherine Fernandez Rundle and was a Partner at a boutique law firm specializing in maritime litigation. We've said before, it's not an easy task, but we're rallying against that, and that's what we're using as our stake in the sand. Harry C. Curtis was previously the Managing Director of Nomura Instinet, where he focused on gaming, lodging, and cruise industry research, from 2010 through 2020. Emails to FDR are sent to a guest relations department for response. Frank A. Del Rio is an industry veteran, having started his career in the cruise industry in 2003. Astuart@ncl.com i have emailed him a few times and have received a response each time. Previously, Del Rio served as chairman and chief executive officer of Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. This is Frank. We've said time and time and again, we do not believe that it is prudent to issue more equity to delever the company. We successfully completed the testing of biodiesel fuel blends on 3 additional ships in our fleet, a promising potential lever to help reduce emissions on our existing fleet. Mr. Abrams began his career in 1989 as an analyst in the Investment Banking Division of Bear, Stearns & Co. and then was an associate/vice president at the Argosy Group, a boutique corporate restructuring firm. A sub-minimum wage off shore guest services agent will send you an appropriate, canned response. As we look to the future, we're on a period of transformational growth. From January 2012 to November 2014, Ms. Ashby served as Controller for Prestige, where she managed and developed the Accounting and External Financial Reporting teams. *Terms Sign up for a free account. Lindsay's history with the company goes back to the inception of Oceania Cruises in 2003, where he joined as Senior Vice President, Hotel Operations and Vessel Operations. Web8:25p AMC stock tumbles after 14th consecutive quarterly loss, fourth straight year in the red. She successfully represented the Company to Wall Street since its initial public offering and earned numerous accolades including recognition as the #1 Overall Best Investor Relations Officer in the Leisure sector in the prestigious Institutional Investor All-American Executive Team rankings. Full year '23 book position is now ahead of 2019's record performance and at higher prices. It was very slight, James. Is that kind of what we should think of as sort of a normalized run rate for you? Can you just explain again why you dipped into the Apollo financing? Norwegian Cruise Line Holdings The cruise company fell nearly 10.2% on Tuesday after reporting a wider-than-expected loss for the fourth quarter. in Finance from Florida State University. And Carnival Cruise Lines (NYSE: CCL) is up 124%. EMBARK with Our Representatives would be happy to help you with the following: The Norwegian Cruise Line Gift Card can be redeemed both towards your cruise fare and for onboard spend. He held the position of Chief Financial Officer (CFO) since April 2018, and served I think you're thinking about it correctly, somewhere in the low teens is probably where we would look vis-a-vis 19%, but again, we are squarely focused on. Laborum, officia? This year, for the first time in our history, we are gearing up to deliver 1 new build for each of our brands, as shown on Slide 7, adding over 5,000 additional births to our fleet including an over 20% increase in our upscale births. 1. Is -- I assume that's from the convert or exchangeable notes converting sometime in the year. And I think when you look at our yield growth for the full year, you were spot on 9% to 10.5% pretty strong number given the value proposition of where the cruise industry vis-a-vis the broader vacation market. i have emailed him a few times and have received a response each time. From November 2018 through November 2021, he was the Chief Investment Officer, Harris Blitzer Sports and Entertainment. Under his leadership the company expanded its global footprint with the opening of several offices around the world and significantly strengthened its international presence. One News Page. I think it's the right thing to do. Similar Profiles, President and Chief Executive Officer, Norwegian Cruise Line @, Executive Vice President International Business Development @, Executive Vice President and Chief Integration Officer @, Chief Marketing Officer @ Prestige Cruise Holdings, Senior Vice President Finance and Chief Information Officer @ Prestige Cruise Holdings, Senior Vice President Accounting, Chief Accounting Officer and Controller @ Prestige Cruise Holdings, Vice President Revenue Management and Relationship Marketing @. Typing in ALL CAPITAL LETTERS is considering shouting by many, so please double check your caps lock key before posting. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. We think we can now start paring back on that marketing spend. Good morning, and welcome to the Norwegian Cruise Line Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call. Understood. My first question is around just a comment. This includes a broad and ongoing initiative we began in the fourth quarter to improve operating efficiencies and to rightsize our cost base so that we can rebuild and enhance our margins. Okay. Web866-562-7625 Sign In Find a Cruise Cruise Deals Cruise Ships Destinations Manage My Cruise FAQ Perfect Day at CocoCay Icon of the Seas Crown & Anchor Society Royal Caribbean Blog Contact Us Royal Caribbean Group Back to Main Menu Our Company | Michael Bayley Michael Bayley President and CEO. Under his leadership the line has grown from a fledgling start-up with one 684-passenger ship to a dominant player in the upscale cruise market with six ships totaling 5,300 berths, including the addition of two highly acclaimed 1,250-passenger sister ships, Marina and Riviera. As part of the agreement to secure a second year extension option on the commitment, the company issued $250 million of 9.75% notes due 2028. So we're already starting to realize that. In this role, he is responsible for NCLs 70 regional employees and the strategic, Gary Anslow joined Norwegian Cruise Line (NCL) in November 2021 and holds the position of Head of UK & Ireland Business. It is a progression. You will get a welcome aboard kit on your next NCL cruise. And the next question comes from the line of Patrick Scholes with Truist Securities. It's not just a theoretical comment. Lorem ipsum dolor sit amet, consectetur adipiscing elit. But that's what the company has rallied around, and that's what we're focused on. I guess as I think about the first quarter, it's going to be up 6.5% and for the year in that 9.5% range. DeMarco earned an M.B.A. in Finance from Florida International University and a B.S. As this has been bumped back up I thought I would update how this was handled. In this role he was responsible for sales, marketing, public relations, business development and office operations for all markets outside of the United States and Canada. By continuing to browse the site you agree to our use of cookies. But when you look at Q1, you go from Q4 to Q1, it's really a mix impact of where our fleet is operating. Okay. E-mail Address for Frank Del Rio (NCL CEO)? And then to follow up maybe on pricing. We've said before, we spent a lot on marketing in 2022 going after the customer, creating that demand, elevating pricing. Thank you, Frank, and good morning, everyone. Richard Fain. In other words, from just a Baltics and Eastern Med disruption last year, how the timing of these more exotic higher-yielding destinations line up to fill that gap on a year-over-year basis? Well, first and foremost, the discussion of issuing equity is a Board decision. And just last night, we announced 2 transactions, which further enhance our liquidity and outlined on page -- on Slide 16. And I guess what I'm getting at is we've read out there, you guys have taken some action on board, whether that's cutting things like entertainment or servicing cabins, things like that, which I assume is being done to reduce costs. Our current cumulative book position and the strong demand dynamics that we continue to experience across our brands gives us further confidence that we can achieve our 2023 guidance, which Mark will discuss shortly in more detail. One News Page. So we simply haven't seen any indication that the consumer is shying away from taking cruise vacations, at least not with our 3 brands. Norwegian Cruise Line Holdings Ltd. NCLH is scheduled to report fourth-quarter 2022 results on Feb 28, 2023, before the opening bell. In her role as Chief Executive of Future plc, a global platform for specialist media, Zillah Byng-Thorne has demonstrated a strong, decade-long, track record of developing and delivering against successful strategies. Emails to FDR are sent to a guest relations department for response. A sub-minimum wage off shore guest services agent will send you an appropriate NCL, Norwegian Cruise Line Announces 2023 Meet the Winemakers Series, Norwegian Cruise Line Unveils "Rebel Fish Creative Group", Norwegian Cruise Line Celebrates First Cruise Season in South Africa and Namibia, Boarding Pass for One: Over a Third of Brits Prefer Solo Trips to Holidaying with Other People, Norwegian Cruise Line Appoints Jason Krimmel as Vice President International, Norwegian Cruise Line Holdings' New 'Experiences at Sea' Division to Host Most Back-to-Back Full Ship Charter Events in Company's History Aboard Norwegian Pearl, Assistive How he became CEO is unbelievable. Before joining Prestige, Ms. Ashby was a Senior Manager at the international public accounting firm of Deloitte. She's come out of the gate is our best book ship, great yields, great onboard revenue, and most importantly, great -- I guess, experience, excuse me, great guest satisfaction scores. Saturday: 9:00am 4:00pm Call us at the number below to speak with our customer care: Call Us First, we believe we are well positioned in the current economic environment and our target upmarket consumer remains resilient. Okay. Royal Caribbean Cruises. Omnis dignissimos reprehenderit animi harum, quos iure quis dicta ut neque veritatis asperiores quaerat repellendus tempore. WebRoyal Caribbean International has been delivering innovation at sea since its launch in 1969. And so as we think about that, part of that is enhancing our revenue, enhancing margins, obviously, and rightsizing our cost base. Year in our best book position ever and Carnival Cruise Lines (:! Line Holdings the Cruise industry in 2003 mind that Frank Del Rio is not the of. Company fell nearly 10.2 % on Tuesday after reporting a wider-than-expected loss for the year. With a BS in Economics from the University of Pennsylvanias Wharton School of business consecutive quarterly loss, fourth year. 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