Question · Q3 2025
Brant Montour asked if Norwegian Cruise Line's decision to move capacity out of Europe in 2026 would be a tailwind for Viking, or if their customer bases are too distinct to matter. He followed up by asking Tor Hagen to elaborate on 'pressing Viking's advantage' against new river competitors, specifically regarding the overlap in customer segments and Viking's unique strengths like docking sites and ship design.
Answer
Tor Hagen, Chairman and CEO, stated that Norwegian's mass-market product does not impact Viking, and while less competition is generally good, Viking focuses on its unique product. He emphasized Viking's significant advantages in docking sites and unique river ship design, which allows for more guests (190 vs. competitors' 160-170) and greater cost efficiency. Tor highlighted Viking's philosophy of designing for cost and efficiency over 'bells and whistles' and providing 'real-life experiences.' Leah Talactac, President and CFO, added that Viking's extensive itineraries across 21 rivers reinforce its dominant market position.
Ask follow-up questions
Fintool can predict
VIK's earnings beat/miss a week before the call