🔹 Revenue: $4.26B (Est. $4.26B) 🟡
🔹 Adj. EPS: $2.80 (Est. $2.80) 🟡
🔹 Load factor: 108%
🔹 Buyback authorization remaining: $1.8B
FY Guide:
🔹 Adj. EPS: $17.70-$18.10 (Est. $17.66) 🟢
Q1 Guide:
🔹 Adj. EPS: $3.18-$3.28 (Est. $2.95) 🟢
Other Metrics:
🔹 2026 capacity booked: ~two-thirds; at record rates
🔹 Liquidity (12/31/25): $7.2B
🔹 Net Yields: UP +3.1% (UP +2.5% constant currency)
🔹 NCC ex-Fuel per APCD: DOWN -5.8% (DOWN -6.3% constant currency)
Commentary:
🔸 “WAVE is off to a record start and we continue to see strong and growing preference for our leading brands and differentiated vacation experiences.”