WebPresident & Chief Executive Officer Harry Sommer is President and Chief Executive Officer of Norwegian Cruise Line, the innovator in global cruise travel which has been breaking Please provide specific airlines and flight numbers desired. We did, however, achieve another significant milestone in the fourth quarter, generating positive adjusted free cash flow for the first time in 3 years. The next question comes from the line of Fred Wightman with Wolfe Research. To find out more, please. Del Rio, who was born in Havana, Cuba and emigrated to the United States in 1961 at age six, earned his bachelors degree in accounting from the University of Florida and is a Certified Public Accountant. Yes. CC Help Jenn Copyright 19952023 The Independent Traveler, Inc. Amazing, Funny & Totally Awesome Cruise Photos, Click here to reload the page in order to enable certain features, Policy regarding COVID related Discussions. Powered by Invision Community. There is no silver bullet, but we will continue to evaluate all opportunities to accelerate revenue and improve operating efficiencies while continuing to deliver an exceptional guest experience. We do have more European capacity this year. WebFrank Del Rio 's Email President and Chief Executive Officer Chief Executive Officer at Norwegian Cruise Line Contact Details Phone +1******50 Email fd*******@ncl.com Department Finance & Administration Location Miami, Florida, United States Frank is no longer with Norwegian Cruise Line Norwegian Cruise Line Company Information Norwegian Cruise Line Stock. You will get a welcome aboard kit on your next NCL cruise. Del Rio assumed this role in January 2015. We're confident of where we are, but we think a range is the most appropriate way to go at this point, given all the factors in front of the world as a whole. She is also a former Non-Executive Director of THG Holdings plc. Prior to that, he served as Managing Director, Chilton Investment Co. from 2008 through 2010, Managing Director, JP Morgan from 2002 through 2008, Visiting Professor, University of Nevada from 2002 through 2007, Partner/Managing Director, Robertson Stephens from 1998 through 2002, Vice President, Equity Research, Smith Barney from 1995 through 1997 and Vice President, Equity Research, Hanifen Imhoff from 1992 through 1995. Tuesday, February 28, 2023. For the second half of 2022, adjusted EBITDA was nearly breakeven. I think customers in today's society are used to getting a different level of service. 1. DeMarco has 20 years of diverse cruise industry experience across multiple areas of the business. First, we revised and extend our existing $1 billion undrawn backstop commitment. than 5 days or charter sailings. Please note, if your item is located, a shipping cost will apply. in English from Connecticut College and has been a Chartered Financial Analyst since 1991. But what I can tell you is that we've been telegraphing that expect our average fully diluted share count to be approximately about 470 million, which I think believe we have in our slide deck for a couple of calls now. So we're going to scale start scaling that back. Securing this facility provides a backstop for the remaining portion of the non-extending operating credit facility, which matures in January 2024. Both the conference call and presentation will be available for replay for 30 days following today's call. 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. Steve, I think the other way to think about it is we're simply aligning ourselves to what others in the hospitality sector have done as well. Thanks for the clarification, SeaShark. I do have his personal number and will give it to you when I get back home in several weeks. Once you have submitted the form, Norwegian Cruise Line Access Desk will respond within 72 hours. And for clarification, that does include an adjustment for the new builds that we take delivery of in this year since we do not have the full earnings potential. Prior to joining NCLH, she was the Senior Vice President, Tax, Insurance and Human Resources for Prestige Cruise Holdings which was acquired by NCLH in November, 2014. In addition, he spent three years representing the financial interests of the Companys expansive newbuild program while positioned overseas in Germany, and also held various roles in accounting and internal audit. Under his leadership the company expanded its global footprint with the opening of several offices around the world and significantly strengthened its international presence. This translates to net yield for the year expected to increase in the range of 5% to 6.5%. To find out more, please, International Travel Partners / General Sales Agents, Premium Air (Customized Air Arrangements), Call Premium Air (Customized Air Arrangements). Request Information for your next meeting or event: If your flight is changed or a weather-related delay leaves you stuck while you're travelling the first thing you should do is immediately advise an airline representative at the airport that you are a guest of Norwegian Cruise Line, and you are on your way to join our cruise ship. She truly looks like nothing we have ever seen before," Harry Sommer, CEO of Norwegian Cruise Line and based in Miami, Florida, told Fox News Digital. While the past few years have been unlike anything we could have imagined. UPDATE 1-National Bank of Canada posts lower first-quarter profit, From condoms to cosmetics, China sales grow as lockdowns end, Sterling subdued after Bailey says 'nothing decided' on future rate hikes, UPDATE 2-China scoffs at FBI claim that Wuhan lab leak likely caused COVID pandemic, Hedge funds that did best in 2022 could fare worst in 2023 BNP. So whether it was cruises in Japan or Australia or that area of the world, there was a little bit more hurdles than we anticipated getting those back to operation, and there was a little more hesitation on the consumer. Can you just remind us which -- I think it's the May '24 and August '25 and how many if that's correct? That's a lot to unpack there. A twenty-year veteran of Norwegian, Kempa held several positions of increasing responsibility in Norwegians finance organization, playing an instrumental role in several of the Companys key milestones, including its successful initial public offering in 2013 and the acquisition of Prestige Cruises International, Inc. in 2014. It's not just a theoretical comment. Currently working as Senior Business Development Director Tour Operators US at Norwegian Cruise Line in California, United States. Ms. Landry received a National Security Fellowship from Harvard University, a M.A. We're not degrading the product. And I think the way to think about it is as you look toward the back half of 2023, that's going to be a little bit more representative of what our exit rate would be as well on a go-forward basis. In 2008, Prestige Cruise Holdings acquired Regent Seven Seas Cruises and quickly completed a turnaround which positioned Regent Seven Seas Cruises as the market leader in luxury cruising and in turn positioned Prestige Cruise Holdings as the premier operator of upscale cruise brands. So we're feeling pretty good right now. Mr. Aron also serves on the boards of directors of a number of non-profit organizations. Executive Vice President, General Counsel and Assistant Secretary Norwegian Cruise Line Holdings Ltd. Daniel S. Farkas is the Executive Senior Vice President and General Counsel of Norwegian Cruise Line Holdings Ltd. This is Frank. Norwegian Cruise Line Holdings Ltd. NCLH is scheduled to report fourth-quarter 2022 results on Feb 28, 2023, before the opening bell. Andy Stuart is the CEO of NCLsoon to be replaced by Harry Sommers. So look, it's management's responsibility to optimize revenue and minimize costs. 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. *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. Yes. Shifting our attention to what is certainly a bright future for our company, let's turn to Slide 6, which outlines our current positioning and the key catalysts we have on the horizon. Mr. Farkas joined Norwegian in January 2004 and previously held the positions of Senior Vice President, Vice President and Assistant General Counsel. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. Prior to that, he was the Senior Managing Director for Cerberus European Capital Advisors, LLP. 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. If you're not automatically redirected, please click here. Be in the know about the hottest deals, new ships, new itineraries and so much more! This website uses cookies. We do not currently intend to draw on this commitment. I may need to send a complaining email if the contents are good enough. Frank, do you want to take that one? Adjusted net cruise costs excluding fuel per capacity day is expected to be approximately $165 or approximately 12% below the second half of 2022. WebThese are the executive and consumer service phone and email contacts for Oceania Cruises brought to you by the Elliott Advocacy team. Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramers world? Quisque luctus metus nec placerat cursus. The next question comes from the line of Conor Cunningham with Melius Research. In this role, he is, Estela Farina is the Brazil managing director for Norwegian Cruise Line Holdings, Ltd., overseeing the sales strategies across the companys three brands, Norwegian Cruise Line, Oceania Cruises and. It was just all items on the margin. Allow 48 hours for response. She was responsible for the significant growth of the business and in particular their premium and luxury brands and for leading the companys expansion into new markets. Sommer holds an MBA from Pace University and a BBA from Baruch College, both in New York City. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure Yes, certainly. Yes but I have always gotten a response from somebody when I have used Andy Stuart email address. I send a very polite email explaining my concern Under his leadership, the company has expanded its fleet with the newest and most innovative ships at sea, introduced the companys latest island destination, Harvest Caye in Belize, and significantly strengthened its global footprint. And I guess what I'm trying to get at here is I don't want to -- I'm hoping that expectations for yields don't get too ahead of themselves, if all that kind of makes sense. LauraS And this concludes today's conference call. The 40-week moving average line is bottoming. Price was decent. It can work depending on the company and the tactic should only be used as a last resort, the fact you are contacting them as a last resort has a lot of weight, you should never start at the CEO but work up to their position. Executive Vice President Vessel Operations. Roland From March 2010 to December 2011, Ms. Ashby held the position of Senior Director of Financial Reporting with Prestige, where she started the Financial Reporting Department and was responsible for the preparation of annual financial statements, coordination of external audits and researching technical accounting issues. . And then additionally, it looks like if I'm getting this correctly, your expectation since last earnings for bookings are now ahead, I think previously it was in line. But we think by being -- we want to be conservative. Frank will begin the call with opening commentary, after which, Mark will follow to discuss our financials before handing the call back to Frank for closing remarks. We believe we've been successful there. V4K 2V6. Site. Executive Vice President, Chief Talent Officer Norwegian Cruise Line Holdings Ltd. Lynn White serves as Executive Vice President and Chief Talent Officer for Norwegian Cruise Line Holdings (NCLH). Going back to some comments from last -- I believe last summer and last fall, you had talked about expectations or you seem pretty confident in record EBITDA for this year. Ms. Byng-Thorne brings her extensive technology sector experience, spanning online gaming, digital media and e-commerce to our Board of Directors. Lynn is a CPA with degrees in Accounting and Tax from Penn State University and the University of Miami. One News Page. We believe we've done that, which we believe will be a longer-term benefit for all our constituents. The industry was on its knees. In this role, Lindsay is responsible for Marine & Technical Operations, Hotel Operations, Entertainment, Product Development, Port & Destination Services, Fleet Personnel, Out Islands and New Build & Ship Refurbishment for all three of the company's brands Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Those, by default, have a much higher operating cost than the NCLH average. In terms of pricing, Slide 10, illustrates another strong result in the pricing front with our net per diem growth in the fourth quarter of 2022, up approximately 14% on an as reported basis and up 15% in constant currency over 2019. As we have consistently communicated, our costs will be elevated when compared to 2019 baseline, both due to normal and hyperinflation over the past 3 to 4 years as well as a mixed headwind as we add higher operating cost capacity, which we do expect will gain a premium on the top line. Phone +1*****52. So when you look at the totality of that draw, which is relatively minor in the broader scope of our debt, versus having a 2-year flexible backstop, we thought that was the prudent course of action to take at a relatively reasonable cost on the overall facility. Perhaps you can write a long email to NCL complaining about it. Box 9022Jericho, NY 11753, 4803 Haviland StreetSuite #1Delta. Now we're squarely focused on the cost, and that's going to translate to improved margins, which again will then translate ultimately into achieving that pre-pandemic EBITDA per capacity day. Executive Vice President, General Counsel and Assistant Secretary Norwegian Cruise Line Holdings Ltd. Daniel S. Farkas is the Executive Senior Vice President and General Counsel of Norwegian Cruise Line Holdings Ltd. When we looked at the platform now that it's in operation, we think we can take that great guest experience, great financial performance and get slightly better economies of scale by driving the ships a little bit bigger, hence, the slight increase for Prima 3 and 4, which will be delivered in '25 and '26. I think Mark, you just made around the exotic destination. Site. You may ask why start this initiative now? Next time you're at guest services, remember that those folks have to deal with this ^ ALL DAY LONG. I would assume that a lot of it is second half weighted, but if you could just give a little bit more detail, that would be helpful. 1. We're very excited about the technology. This is expected to translate to adjusted EPS of approximately $0.70 at the midpoint of our guidance. And the next question comes from the line of Patrick Scholes with Truist Securities. And I also want to express our sincere thanks to our loyal guests, value travel partners, lenders, shipyards, investors and all of our stakeholders for their continued support and partnership. And you can do it 1 of 2 ways in my estimation, you can discount and you can give away the product or you can market and we choose to market. We believe that the -- we're trying to balance what customers pay, what they actually pay for and what they receive. Del Rio, who was born in Havana, Cuba and emigrated to the United States in 1961 at age six, earned his bachelors degree in accounting from the University of Florida and is a Certified Public Accountant. So we have to do better, and we are going to do better on leveraging our scale, and that's what we're focused on. This call includes forward-looking statements that involve risks and uncertainties that could cause our actual results to differ materially from such statements. As we look forward and we look at our balance sheet, we have said that our internal goal here is we want to turn the year with a 5x handle. He also co-founded Luxury Cruise Center, a high-end travel agency specializing in premium and luxury cruise experiences. He also made frequent guest appearances and served as a media resource for organizations such as CNBC, Barrons and the Wall Street Journal. I'm incredibly proud, honored and inspired to work alongside each and every one of you. 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