XXXX on per Unless Frank. metrics, a you, commentary otherwise currency net cruise capacity fuel my noted, constant excluding XXXX net adjusted compares and Thank basis. day cost, yield and
of impacts unless addition, guidance any indirect XXXX exclude figures In COVID-XX direct outbreak. the noted, otherwise and
monitor to our potential results. situation We to this and continue impact its
on quarter year with fourth commentary our full XXXX begin outlook. followed I’ll results by and our
with driven exchange $X.XX, and by by foreign As can quarter, the previously see for earnings above $X.XX fourth pricing guidance expectations on beating headwinds X, adjusted from of Dorian you strong better EPS close-in bookings revenue of of Hurricane performance drove $X.XX, and Slide revenue expected impact inclusive disclosed rates. strong onboard than in $X.XX the from
Hurricane approximately the inclusive Dorian, top Cuba if drag growth of X.X% point to on Focusing the XXX and guidance net This is line, of the outperforming Dorian. yield prior was XXX year. fourth point in from not basis from basis flat quarter, both impact for
reached on quarter Slide the – would as yield our the strength line growth core in demonstrating we have of fundamentals. X, net top shown As X.X%
prior quarter of adjusted at guidance cost, costs, than increase Fuel X.X% net marketing in price as-reported slightly increased in excluding guidance, fuel, to hedges, an investments. cruise year due Costs increase an Turning than were net and in primarily driven basis. X% and the on higher was to versus by expense versus for expectations, fuel ton $XXX of per metric came an $XXX. which higher other
in yet per XXXX were the yield adjusted history. and external performance, to another company’s results, finished delivered Turning highest year of financial full net despite our and record the year significant earnings headwinds. strong, we all Revenue, share
of beating by noted. to foreign Revenue inclusive prior the of earnings for $X.X X.X%, over November Looking billion. in Outperformance products at a XX, top This strong on previously line headwind full was demand from earnings the continued portfolio Slide $X.XX X.X% $X.XX, beat. adjusted share reaching grew record year exchange also contributed was beat $X.XX. guidance year of capacity the per
well for EPS prior Pearl, our Slide To XX% our have refer $X.XX, XX. of If This not EPS would Cuba, would in of and to you versus put February $X.XX our headwinds the of adjusted perspective, $X.XX. from a have adjusted performance year. initial Dorian $X.XX I’ll guidance increase in represented to reached ahead
basis. net from the X.X% Adjusted guidance ton from year. per cost, hedges on by X.X% key $XXX fuel been X.X%. as-reported points. have exceeded in include as-reported the If XXX headwind And fuel, which XXXX point November the metrics increased Pearl basis metric Dorian, $XXX or and excluding full price or would for basis year our net yield Cuba, Other X.X% net to for cruise yield on XX of increased X.X% prior net growth basis, financial not of an an
indirect booking outbreak activity Shifting our the to resulted cancellation has Frank reduced and modification sailings impacts several direct well operations, XXXX, as including in weeks. as mentioned the and earlier, the certain COVID-XX of as over on last
Our XXXX last Splendor X.X%. expected be Norwegian addition due the Seas the growth capacity was voyages canceled to of approximately the and the to cancel month. of this sailings X.X%, November to prior Encore approximately increase is introduction our of capacity Post to Seven expected
COVID-XX sailing is figures redeployed up redeployed region. connection deploy capacity some as Cuba decrease in you out Note as to expected these highlights to XX were peak prior capacity deployment XX% outbreak. include Slide as review originally the ships sailings. to well main The direct the I’ll in Caribbean the be an season, highlights. Norwegian in region to summer impacts two were almost to versus deployment include with Europe as the XX the year ships expected we of additional Spirit that
initiatives innovative the we’ve region. destination Alaska of presence to with development strategically has both increased key been a new and capacity introduction the market increased hardware through and our
approximately market, seven itineraries up be offers primarily which a addition to of to ship expected Norwegian XX% intensive the destination Sun, day fourth Norwegian the to Seattle. is XX capacity Our due from to
in XX deployment including that Asia the now is Africa, to expected were be down capacity our year. XX mid-teens, factors to of modified redeployed the Norwegian X% sailings. low canceled, the region mix Spirit or voyages The recently just comprises Pacific Asia, for entire which
it centric market. deployed as the capacity with is to XX% quarter of over our year, deployment quarter is the similar First prior most Caribbean in
is speed includes COVID-XX. of $X.XX ahead XX, guidance which be in XXXX capital at $X.XX. are This from of as the allocation part direct withdrawn. Adjusted on indirect we range excluding to full targets, have of Looking providing XXXX our to guidance now for the expectations year and Slide full expected EPS impacts we
duration the Given will and this outbreak, quarter-to-quarter. extent around our uncertainty we of allocation strategy the evaluate capital
through the $X.XX our that well direct the of redeployed sailings, the – includes brands. in our from average, sailings to To-date, This as Regent eight and the of quarter Eastern Oceania the is Asia across total approximately Asia are the of adjusted impact close of which EPS as current Norwegian the window. yields modified almost booking an extremely sailings canceled have above share XX lost XX is three which revenue or end all brands, of COVID-XX comprised on per XX on of a and third and Spirit, corporate condensed garner redeployment on hot Med well canceled,
from potential The virus is while we resulting broader the situation business and indirect demand softer is extremely tourism. and global additional early to fluid to expect quantify for it direct travel and too simply impacts, headwinds
Net top year. year This basis growth, XXX of increase X% excludes on expected to weighted approximately basis. on delivered of first X.X%. to and of coronavirus the to constant a the direct we range primarily for performance impact, as-reported both yields This known in strong XXXX the in half X% is the points of of guidance the is
days prior Moving on to to two the and approximately Norwegian both extended and quarter. and associated constant total on expected dry is in of primarily increase XX-plus quarter Spirit reported due fuel, dock a to costs first and Pride costs, higher adjusted America in basis. is net for be versus cruise the The X.XX% dry includes year cost, up docks day excluding second
as well our to at future and investments growth. improvement technology aimed process support other As
a metric XXX,XXX tons. is capacity prior resulting the an now our shift in to price higher Focusing provided of XXXX than expectations. in We expected $XXX, growth XX, is of higher hedges is with fuel due per pricing. which to expectations Fuel in XXXX, on year. in net ton increase in increase consumption in This effect be at-the-pump November, Slide approximately from metric approximately IMO regulations an slightly anticipate XX% MGO expense fuel XXXX to versus consumption fuel line driving XX% with in with from coupled expense approximately previous environment resulting on are our consumption in in
Due are throughout impacts the of impacts, There resulting we second mind to from the the cancelled, our right the keep or XXXX. year. from shift a fluid the quarters expectation redeployed now is direct in modified and key for primarily of items the nature can first few may cadence will COVID-XX the share balance to the have largest that outbreak, What sailings.
is the XXXX. be half the growth price tough expected first comparisons to sailings yield of still to Cuba in lower from year, due primarily in Net
to XX-plus the be America, the quarter tough versus service comps, We to expect days repositioning Pride the net year, where of day docks dry result with prior yield the yield high dock growth yielding Joy quarter Cuba and dry Alaska. growth lowest Norwegian second the as of capacity for incremental out during and a of was her of she associated
expected Now expectations basis, yield let’s at approximately impact expected an on take a be X.XX% quarter, our any adjusted tons. or excluding consumption as $XXX or of net is on exclude per cruise first hedges XX. metric to and with Slide basis. up reported approximately flat fuel metric price be of on cost, We to net look fuel, which ton the X.X% found expected COVID-XX, reported which Net a to can for XXX,XXX our is X.XX% approximately from be increase anticipate
adjusted quarter this Taking account, be is $X.XX. expected EPS to first all into approximately of the for
COVID-XX, $X.XX year yield for approximately basis the terms In from equates $X.XX impact the a to point growth. that on first XXX the we which net into of quarter, impact the of direct will fall known impact expect
year to year, through and the another team the were business current first time, Frank, shareholders temporarily call as on were is tirelessly our coming record core believe our into its again. Cruise our its our The ever our want environment while Before working for few demonstrated protecting we time well which is is to business that guests, We in the I fundamentals and of what Norwegian weeks, the to Holdings to equity solid way returning business. and do has while model brands. crew our impacting at resilience Line right and reiterate
back call closing to Frank over the provide commentary. hand I’ll to that, With
