This may mean different protocols from ship to ship based on local requirements. Additional Compensation for Suspended Voyages. In order to transfer an FCC, and in an effort for us to best assist you quickly, please follow the instructions below: POM or Suspended Sailing reservation number that generated the FCC being transferred: This website uses cookies. Our next question is from Patrick Scholes with Truist Securities. If the cruise you booked with future cruise credit is canceled, the full amount may again be refunded in the form of an FCC, and the expiration dates will likely be adjusted accordingly. And then, on the shift to longer cruises and more immersive cruise, the 3-point gap in overall occupancy, is that basically reflective of that change in the second quarter? Whats the difference between my Future Cruise Credit, a future cruise program and onboard credit? With significantly higher participation as a result of enhancements to our bundled offerings today when compared to '19, the accounting allocation between ticket and onboard revenue has also changed, which can skew the comparison. This initiative is very much ongoing and will continue to be a top priority under my leadership. And the fact that they're willing to finance the additional 500 million euro, absolutely a positive. Can I get a refund on the add ons booked with my cruise such as spa treatments shore excursions included with my original cruise? As we look to the remainder of the year, our substantial book position, coupled with the continued healthy demand metrics we are experiencing, gives us confidence in achieving our 2023 net per diem and net yield guidance, which Mark will touch on in more detail momentarily. And then, secondly, I think the other piece to look at is when you do the comparison versus a very strong second quarter 2019, we're comping over some difficult comps with Cuba that we had back in 2019, as well as the full benefit of Baltic itineraries. For up-to-the-minute details on vaccination requirements, testing protocols, and health and safety procedures visit www.ncl.com/sail-safe. What Are Carnival's Early Saver Cruise Deals? Vietnamese Norwegian Cruise Line Security Guide. We'll be taking delivery of a ship in the third quarter and fourth quarter. Guests can then participate in a new bid once invited to bid for the newly selected sailing. Yeah, Brandt, good morning. And, you know, number one, that's on the back of very strong just good old-fashioned core growth. 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. My Future Cruise Credit is provided and supported globally by International Cruise & Excursion Gallery, Inc., I.C.E Europe Ltd., I.C.E Vacations Asia Pacific PTY LTD, and ICE Vacation Center India Private Limited. Thank you for joining us. During the first months of the pandemic in 2020, Norwegian Cruise Line issued thousands of FCCs to guests who saw their cruises canceled. Thanks for taking my question. Thank you, Frank. Reports, policies and documents related to our sustainability program, Sail & Sustain. So, I can definitively say that in Q2, we will be at or ahead of our Q2 cabin load occupancy across the entire fleet. So, but, you know, if you just took Q1 in isolation and you said, "OK, we beat the quarter by $0.15 and you look at the rest of the year, almost half of that is being eroded by fuel and FX headwinds. I would now like to turn the conference over to your host, Jessica John, vice president of investor relations, ESG, and corporate communications. 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. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Sure, Jessica, happy to, and that's a great question. Frank, thank you for your service. Our next question is from Stephen Grambling with Morgan Stanley. And as we look out over the next five years, this increases to approximately 50% growth versus 2019. Once the transfer is completed, a confirmation email will be sent to the email provided at time of case submission. While we originally planned to fund this with our organic cash flow generation when the ships were originally ordered, given the very efficient and supportive financing we received from export credit agencies and the continued uncertainty in the macro and financial markets, we felt financing this was a prudent action to minimize cash outflows for the next few years. NCFs The voucher can be used per person, with or. 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. So, while we're not ready to necessarily change the rest of our guidance metrics, I think we're trending well, and we're trending healthy, and I think our guidance reflects that. disneylover89, May 3, 2022 in Norwegian Cruise Line. This is driven by our organic pricing power and in part by a favorable comp, as the second half of 2019 included various headwinds, like the rapid exit from Cuba and the close in resale of those sailings. And, Harry, welcome to the hot seat, as they say. Hey, guys, good morning. The cruise line has extended this period again; FCCs are now valid through December 31, 2022. Overall, our cost levels typically tend to remain the same. And then, maybe also kind of give us a look at '24. As we anticipate high volumes of inquiries, we kindly ask for your patience and allow up to 30 days for the review process to be completed. But, overall, we believe that our air strategy is the right thing to do, given our strategic itinerary deployment. Absolutely, once the Future Cruise Credit is added to your profile, it can then be applied to any existing booking or newly created bookings. Why Is SoFi Stock Down After Earnings? Get advice from Norwegian Cruise Line Future Cruise Credit experts & extra bonuses. Slide 13 highlights our first quarter results, in which we are pleased to report that we met or exceeded guidance for all key metrics. Thousands of domestic & international car hire and both low-cost & scheduled flights. So, we were very happy with the way wave turned out, and our book position both on a basis of itself and compared to 2019 is doing very well. So, you're spot-on there. How is My Future Cruise Credit Calculated? With Harry Sommer at the helm, I leave this company in the most capable of hands. CRUISE HIVE LTD 2008-2023. And in our last earnings release, we had called out that we had increased our contractual commitments by 1.2 billion euro. In terms of the export credit agency financing, yes, so we obtained financing for 1.7 billion euro. Can you discuss what you're seeing, I think first half of the year you're weighted a little heavier Caribbean, you know, how pricing and closing demand is looking for the region? You know, I just want to add to Mark's comment that our guests have to fly to get to a cruise. Regardless of the original Future Cruise Credit's expiration date, the new Future Cruise Credit is valid through December 31, 2021, at which time all unused funds will expire. Can guests use their FCC to pay for more than one cruise in the future? Frank? We've covered a lot today, so I'll conclude our commentary here and open up the call for your questions. These ships will further elevate and cement Oceania Cruise's leading position in the upper premium cruise space. And I think the tail end of your question was whether or not we're booked there currently. OK, operator, we can take the questions from the line now. Harry, Mark, and Jessica, and the team will be available to answer any questions you may have once this call is over. We are implementing solutions for efficiency today; innovating for future solutions, including with our investment to modify two of our future newbuilds to create methanol-ready configurations; and are committed to collaborating with our stakeholders and partners along the way. And we'll continue to optimize around that. Harry Sommer -- President and Chief Executive Officer, Norwegian Cruise Line. English So, I think Q2 to Q4 basically represents what we're going to see in future periods as well. You know, we're trying with our new premium, you know, itineraries to be booked a little further in advance so that close in bookings does not represent such as large a percentage of our overall business as it used to. Cancellation penalties will be withdrawn from the FCC amount if applicable and remaining balance will be attached to guest's profile. Have a great day, stay safe, and all the best. Registered Seller of Travel. All future cruise credits must be redeemed within one year from issue date and can be used for sailings departing on or before December 31, 2022. 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. What is excluded in the future cruise credit (FCC) or refund? You know, we're expecting roughly 11% or 12%, if I recall correctly. You know, we touched on this already in our prepared remarks, but we are laser focused on delivering our '23 guidance and financial goals. When is the best time to go on an Alaska cruise? For guests who are no longer able to travel as a result of an official announcement by a government or agency that takes place within 14 days of sailing (when Peace of Mind is no longer available), and the mandate states guests are NOT allowed to travel, then a refund would be available. Since the start, it's been our aim to provide the latest cruise news covering all the major cruise lines. Upon submission of the online request, an email will be sent to the email address entered on the form with a response and case number. If the cruise fare for the new booking exceeds the Future Cruise Credit value, you will be responsible for the difference. Today marks a significant milestone for me, as it is my 34th and final earnings call as president and CEO of this incredible company before my upcoming retirement, which was announced just over a month ago. Malaysia So, I wouldn't skew too much that the premium itineraries are going to be a big driver of cost. 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? A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. To find out more, please. And I see no risk around that because there's just simply not an opportunity for the institutions to do that. And then, you know, Mark, probably for you as well, if we go back to your initial guidance back in February, you noted that you turned the year, I think it was around 62% booked, which was in your historical range. Growing up to immigrant working class parents in the Bronx, I could never have dreamed to be at the helm of such a storied brand. Can I use My Future Cruise Credit with any cruise line? How can I receive a Future Cruise Credit? It has a monetary amount associated with it, and it is provided in lieu of a refund. We have had a future cruise credit with Norwegian cruise line for some time when the cruise line cancelled out cruise at the beginning of the pandemic.Now we want to go on a cruise in september and use it, but the cruise line won't apply it, saying they will only apply it if we go before . For additional information, please visit www.ncl.com/travel-requirements-by-country. Now, there are times when fate meets circumstances, and this happens to be one of those times, as my departure coincides not only with the 20th anniversary of the founding of Oceania Cruises, but also the delivery of the seventh ship in the Oceania fleet, the incomparable Vista, which you can see details about on Slide 6. Over the next few months, I will be speaking with travel partners, team members, destination representatives, the investment community, and a whole host of constituents, while working closely with our executive team to fine tune our planning vision for the future, and I look forward to sharing details with you. Beginning May 15, 2020, guests who have a voyage through December 31, 2020, may cancel up to 48 hours from embarkation and receive a 100% future cruise credit to be used for sailings that embark through 31st December 2022. Thank you for the time. Will out of pocket costs (including items such as individually purchased air) incurred as a result of this cancellation be reimbursed? And we're very pleased with that. Please proceed with your question. The two ships that will signal the moment when the entire Norwegian Cruise Line fleet is operational again are Norwegian Sun and Norwegian Spirit. We will continually evaluate options to accelerate our recovery while maintaining adequate financial flexibility to adapt to different macroeconomic backdrops. So, there's always going to be some puts and takes until when you actually purchase the flight where you may have some variability in there. NORWEGIAN CRUISE LINE Norwegian Cruise Line has a unique CruiseFirst program that allows anyone to put down an open deposit for a future cruise right from the website, even if you haven't ever cruised with the line. Policies for Sixthman full-ship charters may differ. It can then be applied to any new or existing reservation or group booking. What if I booked my cruise with a travel agent and received a Future Cruise Credit? In addition, any of these items will also be added if booked through Norwegian Cruise Line; Flight arrangements, Hotel and Cruise Tour packages, Shore Excursions booked and pre-paid, Prepaid service charges, Beverage or Dining gratuities (if part of FAS Promotion selection), Essentials, Booksafe Standard or Platinum Travel Protection.

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