And then to follow up maybe on pricing. Norwegian Cruise Line. 2. One News Page. It is a subsidiary of Norwegian Cruise Line Holdings. Prior to that, he served as Managing Director, Chilton Investment Co. from 2008 through 2010, Managing Director, JP Morgan from 2002 through 2008, Visiting Professor, University of Nevada from 2002 through 2007, Partner/Managing Director, Robertson Stephens from 1998 through 2002, Vice President, Equity Research, Smith Barney from 1995 through 1997 and Vice President, Equity Research, Hanifen Imhoff from 1992 through 1995. First quarter is expected to be the highest cost quarter due to lower occupancy and as actions taken in recent months to reduce costs will not yet be fully realized. Pro forma for these recent transactions, our liquidity position at year-end is approximately $1.8 billion, which includes approximately $650 million under the available commitment. Norwegian Cruise Line Holdings The cruise company fell nearly 10.2% on Tuesday after reporting a wider-than-expected loss for the fourth quarter. Yes. The next question comes from the line of Steve Wieczynski with Stifel. As our 2023 guidance indicates, second half 2022 is not representative of a go-forward run rate. Really strong rebound here in the fourth quarter. Previously, Del Rio served as chairman and chief executive officer of Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. With that, I'd like to turn the call over to Frank Del Rio. Prior to that, he was the Senior Managing Director for Cerberus European Capital Advisors, LLP. Certainly. Prior to joining the Company, Kempa served as Assistant Controller for International Voyager Media, a travel portfolio company. Please enable Cookies and reload the page. And this is Harry again. Harry C. Curtis was previously the Managing Director of Nomura Instinet, where he focused on gaming, lodging, and cruise industry research, from 2010 through 2020. As previously announced by Flutter Entertainment, Ms. Byng-Thorne plans to step down from her role as a non-executive director of Flutter Entertainment prior to January 31, 2023. And I know you talked about upsizing a number of the Prima ships and adding some alternative fuel to 2 of them. The CEO of Norwegian Cruise Lines launched a blistering attack on Florida Republican Governor Ron DeSantis amid an ongoing court battle between the company and the state. @nclandy. (I realize it mayinitially be read by an assistant of his, but I don't just want to send it to somegeneric Guest Relations Department). What sort of was the hang up there or it seems to point to fuel, but I thought fuel generally -- at least the spot prices seem to get better since October. Click here to view General Sales Agent contact info for The Caribbean, Bermuda and Latin America. Royal Caribbean Group (NYSE: RCL) stock is up 294%. And then as we look forward sequentially, we expect those costs to decrease each quarter as some of our initiatives gain hold and take place. Started October 12, 2018, Copyright 19952023 The Independent Traveler, Inc. ROYAL CARIBBEAN DOES THIS STYLE OF CONCURRENT PARTIES, SO ON POOL DECK THEY HAVE DANCING PARTIES, AND AT THE SAME TIME, ON OTHER LOCATIONS. Currently working as Senior Business Development Director Tour Operators US at Norwegian Cruise Line in California, United States. So there is some impact in that overall cost guidance as a result of the mix. We successfully completed the testing of biodiesel fuel blends on 3 additional ships in our fleet, a promising potential lever to help reduce emissions on our existing fleet. And the next question comes from the line of Patrick Scholes with Truist Securities. We think it's the right cost. To find out more, please. Now we're squarely focused on the cost, and that's going to translate to improved margins, which again will then translate ultimately into achieving that pre-pandemic EBITDA per capacity day. It is a progression. Soluta accusamus aspernatur cumque sequi maxime totam temporibus fugiat in nemo, consequatur, harum quo aliquid quam, culpa debitis. There is no silver bullet in this industry, but it's a lot of little things that can add up and that's what we're squarely focused on going forward. Mr. Aron has previously served as President and CEO of Norwegian Cruise Line, Chairman of the Board and CEO of Vail Resorts, Senior Vice President of Marketing for United Airlines and Senior Vice President-Marketing for Hyatt Hotels Corporation. Turning to Slide 11. PLEASE, YOU MAY MEET ALL OF THE BAR EMPLOYEES WHO ARE AT NIGHT AND TELL THEM THAT A LOT OF GUESTS CAN SEE THAT. We think we can now start paring back on that marketing spend. So there's a lot of opportunity ahead in the industry and especially for our company for the year. Prior to joining Norwegian Cruise Line Holdings Ltd., Lindsay served in a similar capacity as Executive Vice President of Vessel Operations at Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises. Prior to joining the Company, Kempa served as Assistant Controller for International Voyager Media, a travel portfolio company. He is responsible for ensuring that the Norwegian brand excels in every way by employing new ways of doing business that improve guest satisfaction and team member engagement while continuing to produce industry-leading financial results. . Cras maximus ultricies pulvinar. THE WAITRESS WENT WALKING OUTSIDE THE BAR AFTER HAS FILLED THE GLASS AND PUTTIN IT ON THE TRAY. The cruise operator reported a wider-than-expected fourth-quarter loss before market open Tuesday, although revenue was Ms. Byng-Thorne is a chartered management accountant (CIMA) and qualified treasurer (ACT). Prior to joining Norwegian, Mr. Farkas served as an Assistant State Attorney for the Eleventh Judicial Circuit in and for Miami-Dade County under both Janet Reno and Katherine Fernandez Rundle and was a Partner at a boutique law firm specializing in maritime litigation. WE'LL CALL YOU. Ms. Landry serves as a Director on the Boards of Directors of the United States Automobile Association (USAA) and the SCORE Association and is also a National Association of Corporate Directors Board Leadership Fellow and holds the CERT Certificate in Cybersecurity Oversight. PLEASE, MEET THE WORK TEAM AND TELL THEM, THAT THEY HAVE TO WAIT WITH PATIENCE UNTIL THE GUEST DECIDE WHAT TO DRINK WELL, DUE TO THE VARIETY OF DRINKS, AND NOT TO THROW THE RUM FAST IN THE GLASS WITHOUT BEING SURE OF WHAT THE GUEST WANT. In 2008, Prestige Cruise Holdings acquired Regent Seven Seas Cruises and quickly completed a turnaround which positioned Regent Seven Seas Cruises as the market leader in luxury cruising and in turn positioned Prestige Cruise Holdings as the premier operator of upscale cruise brands. We will then open the call for your questions. Having been active in the urban mixed-use real estate sector for over 35 years, Mr. Galbut and Crescent Heights are a best in class developer with a successful track record of new constructions and renovations. It can work depending on the company and the tactic should only be used as a last resort, the fact you are contacting them as a last resort has a l Yes, certainly. When we looked at the platform now that it's in operation, we think we can take that great guest experience, great financial performance and get slightly better economies of scale by driving the ships a little bit bigger, hence, the slight increase for Prima 3 and 4, which will be delivered in '25 and '26. Omnis dignissimos reprehenderit animi harum, quos iure quis dicta ut neque veritatis asperiores quaerat repellendus tempore. So when you look at the totality of that draw, which is relatively minor in the broader scope of our debt, versus having a 2-year flexible backstop, we thought that was the prudent course of action to take at a relatively reasonable cost on the overall facility. Phasellus metus eros, convallis in diam nec, molestie luctus velit. But that's what the company has rallied around, and that's what we're focused on. In 2007, Mr. Aron facilitated Apollo's acquiring a controlling interest in Regent Seven Seas Cruises, Oceania Cruises and Norwegian Cruise Line. So we're already starting to realize that. But again, that's something that's been consistent for us over the years. So on the cost, as I said in my prepared remarks, Q1 will be the highest cost quarter. She served as Chief Sales and Marketing Officer for Regent Seven Seas Cruises since September 2021, during a pivotal time for the cruise line as it resumed operations post-pandemic. First, we revised and extend our existing $1 billion undrawn backstop commitment. it is not infected with malware. Thank you for joining us for our fourth quarter and full year 2022 earnings and business update call. We believe that the -- we're trying to balance what customers pay, what they actually pay for and what they receive. The basic NCL contacts (no FDR contact) LINK: https://www.elliott.org/company-contacts/norwegian-cruise-line-ncl/. One new build being introduced for each brand this year alone and we all know new ships and above surrounding new ships have historically brought outsized attention to the brand. From 2018 until March 2022, Del Rio pursued entrepreneurial opportunities in the private equity, finance, and tech spaces, where he was involved across a wide spectrum of products and industries, including AI, telecommunications and 5G network solutions, medical, and real estate development, including serving as Chief Executive Officer of Divinus Life LLC, a specialty provider of skin and wellness products, from 2018 through 2020. But it's everyday things -- everything we do on our corporate side, on our ship side, whether it's optimizing our supply chain initiatives, optimizing our itineraries, so that we're getting the best fuel consumption. Mr. Aron previously served as Vice Chairman of the National Finance Committee of the Democratic Senatorial Campaign Committee and was a delegate to President Clinton's White House Conference on Travel and Tourism. Adjusted net cruise cost ex fuel per capacity day is expected to average approximately $160 for the full year. Norwegian Thank you, Frank, and good morning, everyone. Robin, I'll take -- I think there was 2 questions in there. We wanted a 2-year option. President and Chief Executive Officer Norwegian Cruise Line Holdings Ltd. Frank J. Del Rio is the president and chief executive officer of S&P 500 company Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Our goal is not only to rebuild our margins, but over time, continue to enhance them, and we look forward to demonstrating this improvement over the coming quarters. Everything was great. 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