Mark A. Kempa
line results, the outlook begin pleased and highest trends, with in due an income fuel of report by with X.X%. first quarter the commentary net revenue by capacity guidance both expenses, adjusted in X% U.S. result streams. expense full booking record Net earnings the my year the outperforming to prior XXXX or surpassing our day increase of coming $X.XX strong then share $X.XX I'm the a yield history. and the by earnings expected Thank and Better you, above followed beat reported adjusted and per year, of the constant cruise of $X.XX in to and close-in contributed close basis. quarter our our yet on partially with continued approximately guidance was quarter XXXX. with yield exceeded X% a $X.XX I'll as expectations compares quarter noted, than $X.XX. by second beat coupled demand an offset certain increased will remainder from Frank. dollar. strength Results expectations XXXX versus strengthening was of and per another Unless all basis priced timing our and performance for The on the on commentary on cost, fuel well quarter in otherwise metrics with for driven revenue first guidance onboard expense of other as and with excluding topline color net currency
from is first over yield, corporate impact average our to would quarter net been the yield X%. Excluding have brand new which the our growth capacity, dilutive NCLH Norwegian
prior cruise control cost year on net X.X% of fuel basis reported adjusted costs; dry better at cost Looking in a versus and the and as an excluding result decreased X.X% period. fewer as docks
from of LIBOR, connection additional April in expense $XX $XXX hedges, the prior Leonardo financing, fuel in our notes below well ton, offset a Project benefit our The from interest Norwegian increase full debt in due in fuel; net metric X.XXX% in look net XXXX expense interest the Taking XXXX, to million reflects to the Turning was of higher expense the million rates as line, as at to the delivery per of XXXX. partially redemption year. increase decreased of in an $XXX by with October XXXX Joy due interest in in $XX.X to compared XXXX. senior
second the to quarter. focus shifting Now
expected due Norwegian in the scheduled the commencing her primarily of Bliss regularly is annualization and to quarter sailing introduction capacity Our June. early of first to with increase Norwegian Joy the in X%, revenue approximately
result ports satisfaction. which of year private year's of new Harvest hurricanes. terms of of redesigned allocated the sailings for during Bahamas our XX% of have newly those or is also impacts We allowed quarter quarter, us to As deployment destination QX slightly advantage Western from second third Caribbean which highest approximately down our Eastern includes as to during the we and take is in the guest itineraries Cuba, as the the These not the for last and the last one Caribbean, Caribbean to to Caye, sailings prior do second rated a year. is from developed itineraries
quarter the moving is which during to month. Bahamas on quarter our deployment, Norwegian capacity double branded the ship, digits on And Havana our Caribbean Canaveral quarter, primarily third the shoulder Before this up touch by our of QX to Sun, this addition second the our of allocated driven of capacity I'll Port is capacity. from balance the third Caribbean includes is the region Cuba beginning during while Norwegian and XX% sailing to Approximately season. the to
back in up approximately Asia, year program. dry prior approximately accounts year region Edge result down Turning docks addition Europe Pacific the fleet. The XX%, a the of from from deployment; the X% early Norwegian Norwegian represents XX%, QX to to several associated quarter the Africa, the for to with in prior the due as Joy of
and X%; approximately markets, approximately approximately key other for XX%; X% As our for of Bermuda Alaska total accounts deployment. Hawaii
impressive of well lower season in Turning or expected impact for as growth Despite net increase the yield Joy expected yielding the is an to yield to on expectations as China, second net for basis. reported of Norwegian quarter. X.XX% X% X.X%, over rolling as the shoulder year-over-year approximately
introduced net the to to Norwegian effect core quarter X.XX% be tonnage which is for further yield of the during corporate of expected strength pricing NCLA all the brands. Excluding dilutive demonstrating the second brand yield, the new average our up approximately is
costs; excluding to an adjusted as Norwegian the approximately dock introduction the of be which increase dry are days launch basis, and of net to on in due up associated Norwegian reported result ship America enhancement previous we've docks X% since launched to XXXX. in quarter and expenses fleet cruise North as is a primarily Bliss to extended it's a or dry than higher with in the cost Edge large ship for introductions as first Turning expected inaugural fuel the X% X.X% year-over-year program,
the cities Angeles New to York, Los We showcase her are excited Miami, very Seattle. major four and country: in around
tons. expected with EPS consumption into prior Looking of year, hedges we all be quarter expected fleet per of days be a ton approximately price approximately metric our anticipate second fuel fuel to this adjusted the associated higher dry with expense, metric XXX,XXX of the as Edge $XXX to program. to primarily the Taking at result our account, Norwegian is of dock $X.XX, enhancement for net flat
strong points full of across basis. and is all reported three brands outlook as yield the trends basis resulted in X.X% now have XX growth markets or net on be for year, for booking raising an our for approximately expected X% the As all core to up by
brand, introduced fleet. to X.X% expected net tonnage the further illustrates approximately the Norwegian pricing our basis for is new XXX be core of strength or Excluding yield points higher, which up
is reported cost expected prior X% X.X% an Turning to costs; our basis with consistent X.X% adjusted as flat guidance. to fuel on net be excluding to or to cruise up
Looking expense. at fuel
net price with now to be fuel the Our per remainder XXX,XXX expectations. Strong consumption has at metric ton of approximately is tons. in hedges coupled resulted of expectations for higher increase well the the in line top close-in quarter an first with of expected $XXX priced metric demand expected to and year
In high guidance. Despite range. guidance prices rising at moving headwind have we EPS impacted our negatively the $X.XX end midpoint, outlook earnings our addition, this of floor the up the expanding and fuel by raised
now of balance full per having year result, for will with adjusted earnings There The quarter easier higher the the growth. to range mind $X.XX. a comparisons first back of be the are of a of have XXXX. the items As to half a year $X.XX half result keep in in highest versus as yield to growth share the the third few expected is
and prior the costs, with expected the we hurricanes half year the for to expenses down operations. of XXXX lap As our costs from associated China the to one-time launch be of back is related as
reduce initiatives further few a on executed and interest we strengthen quarter, expense balance the sheet. the to During
senior First, XXXX. $XXX our redeemed due of X.XX% we million notes
remains Following redemption, million outstanding. $XXX the partial
$X XX% rate end of favorable XX% the the rate debt recently increases debt in XXXX fixed XXXX XXXX. billion forward entered rate through lock in of In to addition, and of variable interest for approximately XXXX we in remainder rates, to our which our swaps for into and
of financing will delivery Thereafter our XX% percentage debt fixed rate be as our builds, have place. rate new approximately which we efficient take fixed very in
returns we We three our balance with delever times financial pivot will the focused to track as to we performance, for strengthen remain by capital meaningful leverage strategy. on And year strong As our providing in shareholders. to sheet remain end. on to our allocation low capital continues to combination
that that repurchase recently to billion we As a announced part share us three-year strategy, shares. of $X will enable back opportunistically program buy
our closing We that, With back discuss Day this this for over week. Frank Investor turn remarks. later topic at will call the to more I'll
