Harry Sommer
President and Chief Executive Officer
Replay available
Norwegian Cruise Line Holdings Ltd. (NCLH) Q3 2025 Earnings Call
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) Q3 2025 earnings conference call, held 2025-11-04. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.758 for like yield would look like excluding the the load factor lift 00:00:05.758 -- 00:00:08.741 you know it's it's it's hard 00:00:08.741 -- 00:00:12.626 you know to sort of break things down into their components so I'll start out by saying 00:00:12.626 -- 00:00:17.752 that we believe a three and a half to four percent yield growth on a year-over-year 00:00:17.752 -- 00:00:23.239 basis is strong and we're very happy with it if you're asking whether they were 00:00:23.239 -- 00:00:28.746 modest impacts by the government shutdown hard not to believe that that's a a modest 00:00:28.746 -- 00:00:32.933 headwind to the business I wouldn't necessarily say the weather was a big deal. 00:00:32.933 -- 00:00:36.136 It was actually a relatively modest 00:00:36.136 -- 00:00:41.181 hurricane season as these go. We only had an impact to a handful of Bermuda cruises 00:00:41.181 -- 00:00:47.125 and one or two now to Jamaica, none of which had to be canceled, just rerouted. 00:00:47.567 -- 00:00:49.769 But maybe on the government shutdown, a little bit. 00:00:49.769 -- 00:00:54.794 But the macro environment continues to be strong, economy continues to grow, and employment 00:00:54.794 -- 00:00:59.841 rates continue to be low. The things that we measure, cruise intent, You 00:00:59.841 -- 00:01:04.827 know, future cruise sales on board the ship are all at or near record levels. 00:01:04.827 -- 00:01:08.091 So we're pleased. And, of course, you know, the proof's in the pudding. 00:01:08.091 -- 00:01:12.076 You know, I've gone out not just for Q3, but for the actual month of October, the month 00:01:12.076 -- 00:01:17.343 that just ended, that bookings were up over 20% year over year across all three brands. 00:01:17.343 -- 00:01:20.664 We think that...