Total cruise operating expense increased in 2022 compared to 2021, due to the resumption of voyages, which resulted in higher payroll, fuel, and direct variable costs of fully operating ships, compared to the prior year when no voyages operated during the second quarter. Costs were also impacted by inflationary pressures and continued COVID-19 related costs including testing.

Fuel price per metric ton, net of hedges, increased to USD 836 from USD 673 in 2021. The Company reported fuel expense of USD 181.2 million in the period.

Interest expense, net was USD 144.4 million in 2022 compared to USD 137.3 million in 2021. Interest expense in 2021 reflects a USD 20.4 million gain recognized from extinguishment of debt. Excluding this gain, interest expense decreased as a result of lower interest expense in connection with recent refinancings, partially offset by higher debt balances and higher LIBOR rates.

Other income (expense), net was income of USD 31.0 million in 2022 compared to USD 25.5 million in 2021. In 2022, the income primarily related to gains on foreign currency remeasurements.

Full report https://www.nclhltd.com/news-media/press-releases/detail/501/norwegian-cruise-line-holdings-reports-second-quarter-2022