Norwegian Cruise Line Holdings reported a profit that was below Wall Street expectations on Thursday. This means the cruise operator must increase its efforts to cut costs in order to meet high demand for leisure travel.

Oceania Cruises shares rose 2% in the morning bell after the company beat its quarterly profit expectations.

Since the pandemic, U.S. cruise companies, such as Norwegian Cruise, Carnival, and Royal Caribbean have seen a rise in demand for sea vacations, resulting in an increase in prices.

Norwegian Cruise Line reported that consumer demand for all its brands and itineraries will be strong through 2025.

The company's adjusted earnings per share for the quarter ending December 31 was 26 cents, exceeding expectations of 11 cents.

LSEG data shows that the overall revenue of 2.11 billion dollars was in line analysts' expectations.

According to LSEG, the cruise operator is expecting a profit adjusted of $2.05 for 2025. This compares with an average analyst estimate of $2.08 per share. Savyata D'Souza, Tasim Zahid and Savio D’Souza edited the article.

(source: Reuters)