TRUIST analysts have suggested Norwegian Cruise Line Holdings’ (NCLH) change at the top earlier this month (CW 13 Feb) may reflect accountability for recent operational and strategic challenges, particularly around its Caribbean deployment and yield pressure. The bank holding company met with NCLH management recently, and revealed in a report...
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TRUIST analysts have suggested Norwegian Cruise Line Holdings’ (NCLH) change at the top earlier this month (CW 13 Feb) may reflect accountability for recent operational and strategic challenges, particularly around its Caribbean deployment and yield pressure.
The bank holding company met with NCLH management recently, and revealed in a report the cruise firm is expecting a difficult quarter, particularly in the Caribbean.
This is due to the slower-than-expected roll-out of upgrades at its private island Great Stirrup Cay, combined with a 40% year-on-year capacity increase in the region (CW 05 Feb).
“It sounds to us that the blame for these operational miscalculations and issues were made clear in the announcement,” Truist said in an update following the news.
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