Dan Politzer's questions to Norwegian Cruise Line Holdings Ltd (NCLH) leadership • Q4 2024
Question
Dan Politzer from Wells Fargo asked for a comparison of demand for Europe versus the Caribbean and the impact of the strong U.S. dollar. He also inquired about the company's perspective on potential changes to U.S. taxation of the cruise industry.
Answer
CEO Harry Sommer explained that strong European demand has been consistent and is product-driven, while noting the Caribbean is a smaller part of the summer deployment. CFO Mark Kempa added the strong dollar is an EPS headwind but not a major demand driver. On taxes, Sommer called the issue highly complex and declined to speculate, instead highlighting potential tailwinds from peace in regions like Northern Europe, which could benefit their large 2026 deployment.