Norwegian echoes strong customer sentiment; improved outlook leads to rising profitability.
Following solid sentiment on narrow-moat Royal Caribbean’s second-quarter results, we walked away from narrow-moat Norwegian’s second quarter convinced it is benefiting from similar customer consumption patterns. Like Royal, Norwegian noted “a robust booking environment that continues to be the strongest in recent history†with pricing and occupancy up at a mid-single-digit rate over the back half of the year. This has led Norwegian to raise its full-year outlook to include net revenue yield gro...
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