Norwegian Cruise Line Holdings Ltd. (NCLH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

for like yield would look like excluding the the load factor lift you know it's it's it's hard you know to sort of break things down into their components so I'll start out by saying that we believe a three and a half to four percent yield growth on a year-over-year basis is strong and we're very happy with it if you're asking whether they were modest impacts by the government shutdown hard not to believe that that's a a modest headwind to the business I wouldn't necessarily say the weather was a big deal. It was actually a relatively modest hurricane season as these go. We only had an impact to a handful of Bermuda cruises and one or two now to Jamaica, none of which had to be canceled, just rerouted. But maybe on the government shutdown, a little bit. But the macro environment continues to be strong, economy continues to grow, and employment rates continue to be low. The things that we measure, cruise intent, You know, future cruise sales on board the ship are all at or near record levels. So we're pleased. And, of course, you know, the proof's in the pudding. You know, I've gone out not just for Q3, but for the actual month of October, the month that just ended, that bookings were up over 20% year over year across all three brands. We think that's a pretty good setup. But we'll continue to move forward. Okay. Thanks, guys. Really appreciate it. Our next question is from Robin Farley with UBS. Please proceed. Did we lose you, Robin? Check and see if your line is muted. I think we lost Robin. Sorry. Our next question will now be from Matthew Boss with JP Morgan. Please proceed. Great, thanks. So, Harry, maybe a two-part question. If you could elaborate on the progression of booking trends that you saw through the third quarter and into October, and then if you parse...