Viking CEO Credits Strong Bookings To Resilient Customer Base Hungry For Travel

Benzinga

Viking shares climbed after the company beat Q3 expectations with $1.20 adjusted EPS and $1.99B in revenue, up 19.1% on strong occupancy and yields. Bookings remain exceptionally strong, with 96% of 2025 and 70% of 2026 Capacity PCDs already sold as the company expands its fleet past 100 ships. Viking said forward bookings and recent balance-sheet upgrades underscore continued robust demand.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Viking shares rose after the company beat third quarter expectations adjusted earnings of $1.20

00:07per share and revenue of $1.99 billion, according to Benzinga. Revenue rose 19.1% in higher

00:13capacity passenger cruise days, 96% occupancy, and stronger yields. Buggy said bookies remained

00:19strong with 96% of 2025 capacity PCDs and 70% of 2026 already sold. Hence, bookies rose 21%

00:27for 2025 and 14% for 2026, with advanced bookings for passenger cruise day increasing $782 for

00:342025 and $861 for 2026. Companies said strong 2025 and 2026 bookings reflect robust demand,

00:43while recent upgrades, debt issuance, and a larger credit facility has strengthened its

00:47financial position. Buggy expanded capacity with new vessels and said it surpassed 100

00:51ships. For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended