Content analysis
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New words:
builder, conclusion, eneded, evidence, expanded, footnote, half, leaseback, Luna, nominal, reach, recognition, reversed, undue
Removed:
advantage, chain, department, diversified, economy, experienced, involvement, lack, precedent, replace, replaced, secure, sourcing, stage, supply, varying
Financial report summary
?Management Discussion
- Total revenue increased to $2.8 billion in 2024 compared to $2.5 billion in 2023 primarily due to an increase in Capacity Days and an increase in passenger ticket pricing and onboard spending. The increase in Capacity Days was primarily related to the delivery of two new ships in the second half of 2023.
- Total cruise operating expense increased 3.8% and Gross Cruise Cost increased 4.9% in 2024 compared to 2023 primarily related to the delivery of two new ships in the second half of 2023 partially offset by a reduction in air costs largely due to changes in itinerary mix. Total other operating expense increased 8.8% in 2024 compared to 2023 primarily related to an increase in depreciation expense from the delivery of two new ships in the second half of 2023 and variable compensation due to strong performance of the business.
- Interest expense, net was $200.7 million in 2024 compared to $209.0 million in 2023.