NCLH beat Q1 expectations and raised full-year guidance but Bloomberg said the improved profit outlook 'disappointed investors’ high expectations amid an industry boom.'
During the call analysts questioned if NCLH guidance is conservative.
Viking's IPO
One also asked the impact of a competitor with 'pretty aggressive supply growth' in the premium sector accessing the capital market and how this might impact pricing.
Update: VIK begin trading on the New York Stock Exchange in an upsized offering priced at $24 per share and rose to close at $26.10. NCLH dipped as low as $15.99 in Wednesday's session, settling at $16.08.
Welcoming new entrants
'We're excited to see new entrants into the market. We think anything that draws more focus to this market and the public markets of the excellent opportunity cruising presents is positive for all of us,' NCLH President/CEO Harry Sommer said.
Sommer told analysts he sent Viking Chairman Torstein Hagen an email congratulating him on a successful IPO, adding: 'We obviously wish him the best of luck.'
The NCLH chief went on: 'We see the growth Viking has, and we have nice growth on the Oceania and Regent brands that is measured, that we can absorb and that we're happy for.'
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