Mesmerising beach & city stays in over 200,000 hotel & resort properties worldwide. For additional information, please visit These guests will receive a 150% refund of the fare paid in the form of a future cruise credit, which can be applied toward any cruise through to 31 December 2022, or a 100% refund of the fare paid. I have to thank our partners at Fincantieri once again for bringing our vision to life and delivering a truly magnificent ship. that's something that you'll see us out in the marketplace in the latter part of this year. If the cruise fare for the new booking exceeds the Future Cruise Credit value, you will be responsible for the difference. We view this as a winning formula. Operator? United States. You know, pretty much close to that, absent the Q1 commentary I gave you already. It also cannot be used to pay the initial deposit. This includes improvements in areas such as supply chain initiatives, back office optimization, as well as crew costs and travel expenses. *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. And as I had communicated when we communicated on our last call, we were steadfastly going into a lot of our onboard -- our margin enhancement initiatives. Thank you for the time. New Zealand We'll send you a weekly newsletter to your inbox. Photo packages. Once the transfer takes place, the receiving guest is now the owner and the previous owner cannot request a transfer back. It's also on the back of bringing on some of our premium brand vessels. You know, I just want to add to Mark's comment that our guests have to fly to get to a cruise. But, you know, Q1 finished up at 101.5. But overall, our NPDs remained very healthy and strong. Please proceed with your question. Look, our book position, Harry touched on it earlier, we're exactly where we need to be to hit our goals and our guidance. Cruise tours purchased through Norwegian Cruise Line And we simply executed some of those initiatives quicker than we had anticipated. Effective from the 29th July 2020 the below values are rewarded in Future Cruise Credits: You may include multiple requests on one case so long as the request is complete and proper consent from current coupon owner is included (either in an attached email or by the current owner being the one to submit the case), Original Peace of Mind or Suspended Sailing reservation number that generated the FCC being transferred, Client ID and name of Current FCC Owner who is authorizing the transfer, Client ID and name of Guest Receiving the FCC. On March 29, Norwegian Jewel will return to operations from Civitavecchia near Rome, in Italy. 10 stocks we like better thanNorwegian Cruise LineWhen our analyst team hasa stock tip, it can pay to listen. I am also pleased to report that we expect to achieve another significant milestone in the quarter with adjusted EPS turning positive for the first time since the pandemic at approximately $0.25 per share. Attachment of email from current FCC owner authorizing transfer. Thank you, Harry, and good morning, everyone. ET. Obviously, it sounds like wave has been healthy, but would you say things are stable, accelerating, or decelerating kind of on a core basis when you adjust for those factors? And I'm just trying to reconcile that with the seasonality that we used to see in your business with the 3Q costs usually being pretty elevated given, you know, more exotic itineraries. Now, for one last time, thank you for your interest and your support. I remember reading there was a form that my kids could fill out to transfer their cruise credits to me, does anyone have a link to that form? Got it. I would now like to turn the conference over to your host, Jessica John, vice president of investor relations, ESG, and corporate communications. The onboard credit can be spent when onboard the cruise and cannot be used towards paying the cruise fare. This allowed cruise lines to retain cash -- at 25% interest -- at a time when ships weren't bringing in revenue. You've challenged us. By proceeding, you agree to Cruise Critics. Shifting our attention to guidance, our outlook for the second quarter can be found on Slide 14. Of course, Caribbean doesn't matter all that much for us in Q2 and beyond as we shift our deployment to Europe and Alaska. Should your credits be applied to an active reservation, the refund amount will be subject to Norwegian's cancellation fee policy communicated to our guests at the time of booking and may be found on our website, An active and existing FCC is attached to a profile of a guest who has passed away. A good way to be sure to redeem the full amount is to consider a cabin upgrade, book an ocean view instead of an inside cabin or treat yourself to a balcony instead of an ocean view stateroom. Bottles of wine The current FCC holder is not the original FCC recipient. A guest has been affected by one or more suspensions, Guest elected to cancel via our Peace of Mind (POM) policy, A guest is unable to meet any vaccination requirements. No, guests will receive the full value of their winning bid within the FCC and can apply that towards the sailing and category of their choice. This makes for an attractive entry point for investors as the newbuild pipeline adds significant potential future earnings power compared to today's levels. With each cruise line's form of credit comes its own stipulations on when and how to use it. And I think -- I'm very confident, I think quite a bit of -- we're nervous last quarter, whether or not we could achieve our cost savings. Create your very own My Future Cruise Credit account for free, in only a few simple steps, Browse among thousands of sailings worldwide and get expert advice along the way, Claim an additional credit back to use to PAY LESS on any hotel, tour, resort, cruise or even wine of your choice, Learn how to redeem your future cruise credit & get a bonus with 4 simple steps. I have worked with Harry in various capacities over the course of three decades, and I can assure you that he is a strategic and innovative leader, who has the right talent, skill set, and energy to lead the company at this pivotal time in its history. And congratulations to Frank and Harry, to both of you, with the changes. But it's a bit early for us to give additional color on that. Jessica John -- Vice President, Investor Relations, ESG, and Corporate Communications. And now that you've kind of moved through wave and have more of Alaska and Europe for this summer filled out, can you talk about how you're feeling about pricing for the summer? And did I get that correct? Have you received a Norwegian Cruise Line Future Cruise Credit and are looking for some advice on the best way to use it? Photo packages. Instead of getting the amount refunded to your credit card, you may be issued a certificate you can use towards your next Princess sailing. Note: Suspended Sailings and Peace of Mind FCCs are valid for sailings through December 31, 2022. Disney Magic, Disney Wonder, Disney Dream and Disney Fantasy If your Disney cruise was canceled, you can opt for a future cruise credit or refund . And we'll continue to leave no stone unturned. Malaysia You can redeem any FCC by calling us! Indonesia Each submission request will be individually handled and responded to. What can the Peace of Mind FCC be used for? Millions of travelers rely on Cruise Hive in the United States, Europe, Australia, and around the world. Thank you, Frank. Obviously, while there is a slight impact to load factor, the whole reason we're going to more longer premium itinerary intensive destinations is, number one, to get a better guest, to get higher pricing, and to maximize the value that we're getting out of each of our assets. What is even more exciting is that this is just the first of three newbuilds that we have in the pipeline this year, with Norwegian Viva and Regent Seven Seas' Grandeur joining the fleet later this year. So. I know I speak on behalf of the entire NCLH team when I say thank you, Frank, for your countless contributions, not only to our company, but also to the broader cruise industry. Norwegian's Future Cruise Credit (FCC) is credit that you can use for your next Norwegian cruise. The first ship to return to service will be Norwegian Pearl, sailing from the stunning new cruise terminal in PortMiami, from February 7. inside cabins. Mark Kempa -- Executive Vice President, Chief Financial Officer. Have comfort in knowing that we are Future Cruise Credit Experts and our specialised team will assist you along the whole way, You will have a full selection of sailings available from all major cruise lines alongside beautiful destinations to explore, Proud to be globally recognised and accredited agent. We want to deliver and hopefully beat, we'll continue down that path. What happens if a new reservation using the FCC is cancelled? United Kingdom See all the ways you can use your Savings Credits Credits below, then find out how many you're eligible for right away! Thanks for that, Mark. So, just any more detail there between maybe the gross in the net. We continue to expect modest sequential improvement each quarter in 2023 as occupancy increases and as a result of initiatives which have already been identified and implemented. 19952023, The Independent Traveler, Inc. Special Event: Q&A with Rudi Schreiner, President, Co-Founder & Co-Owner - AmaWaterways River Cruises, Q&A with Avoya Travel: Learn How to Turn Your Passion into Success by Becoming an Independent Travel Advisor. But, overall, we believe that our air strategy is the right thing to do, given our strategic itinerary deployment. But as Mark just discussed, we believe, over time, this actually is going to be EBITDA and margin-accretive. Purchased onboard credits Our booking window, which is our best forward-looking indicator, remains strong. Future Cruise Credit will be credited to you via your Latitudes number and communication will be sent to you once the credit is added to your account. For example, if several ports on an itinerary are skipped, a full or partial credit might be given. One day later, Norwegian Jade will return to service from a homeport that is not used too often, Panama City, from where she will offer Panama Canal cruises. We can do better than that going forward when we have the more advanced lead time we need to book some of our exotic itineraries and also have the fully -- the overhang of the difficult years that we've talked about beforehand. Unless otherwise noted, my commentary on net per diem, net yield, and adjusted net cruise cost, excluding fuel per capacity day metrics, is on a constant currency basis. This is a strategic and cost-effective initiative to help address the consistent pain point we hear from guests regarding the reliability and speed of internet connectivity at sea. And before I get started, I have to say that I am honored and grateful to be given the opportunity to lead this iconic company. But also, in Q4, where we expect quite a substantial amount of our pricing power, we are actually in the Alaska season longer this year, as well as in the European season longer this year. I won a bid on the Norwegian Upgrade Advantage. Or is it spread out over a number of deliveries between now and then? Reservation must be within the final payment period. When is the best time to go on an Alaska cruise? You can redeem any FCC by calling us! And so, we're going to -- occupancy may not be coming in exactly what we thought, but it makes more sense to hold price for those or just trying to think about because I think the itineraries themselves didn't change since last reported. At least, by that time, all of the Norwegian Cruise Line fleet will be operational. Our next question is from Brandt Montour with Barclays. And just any color on how you're expecting on board trends in the second half would be helpful. The two ships that will signal the moment when the entire Norwegian Cruise Line fleet is operational again are Norwegian Sun and Norwegian Spirit. This may mean different protocols from ship to ship based on local state or port requirements or in an abundance of caution to keep our guests and crew as safe as possible. And I think the tail end of your question was whether or not we're booked there currently. NCL's CruiseFirst and CruiseNext programs Norwegian Bliss in the Caribbean. Of course, as you -- as your occupancy ramps up, you do see a little bit less of pricing power on your lower meter, i.e. So we did overachieve in Q1. Now, that's not a necessarily easy task, but that's one of the things we're marching to as a management team and, of course, with our board of directors. Those ships, along with some of our other recent additions, translate to a nearly 20% growth in capacity when compared to 2019. And I'm just trying to -- and obviously, if we try and back into what's implied for the full year, you know, it would seem like it's very modest improvement, almost flattish from a pretty high level. Our brands continue to resonate with consumers as demonstrated by our book position and pricing for the remainder of '23. This does not include the separate 300 million undrawn backstop commitment, which enhances our future liquidity but is not currently available to draw. Pre-paid service charges Well, ladies and gentlemen, once again, I want to thank everyone on this call, whether you're a travel partner, a vendor, a lender, or an analyst, you've supported us. Use the cruise search filters on NCL.COM to find the perfect cruise. Listen, in Q2 and in all future quarters, our focus now is on having our cabins as close to 100% full as possible. Go to the "My Account" section of MyNCL, and you'll see your available FCCs in the My Coupons & Credits section. Conor Cunningham -- Melius Research -- Analyst. This does not mean, however, that we will not continue to invest in our product or service offering to enhance our guest experience. And as we look out over the next five years, this increases to approximately 50% growth versus 2019. Ms. John, please proceed. How long will the Peace of Mind policy be in effect? Future Cruise Credits are issued by the Cruise Lines for various reasons. Is SoFi Stock a Buy Now? and reflecting lower than expected costs in the first quarter. Pre-booked and pre-paid shore excursions Any Bonus FCC can not be used for add ons. Can I get a refund on the add ons booked with my cruise such as spa treatments shore excursions included with my original cruise? Tagalog, Australia Charters are excluded.