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Search resuls for: "Christopher Stathoulopoulos"


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Susquehanna said it's "setting sail" on Norwegian Cruise Line . The firm downgraded its rating on Norwegian Cruise Line shares to neutral from positive. To be sure, Stathoulopoulos highlighted various enterprise initiatives and efforts toward changing the company's core culture. He added that the company is "leaving no stone unturned" toward cost-cutting measures across the board. "While we view NCLH's 'soft' long-term plan as strategically sound, absent a more formal or explicit long-term guide … and given lingering macro uncertainty, we see better risk/reward in peer [Royal Caribbean]," Stathoulopoulos added.
Persons: Susquehanna, NCLH RCL, Christopher Stathoulopoulos, Harry Sommer, Stathoulopoulos, — CNBC's Michael Bloom Organizations: Cruise Line, Royal, Cruise Locations: , Caribbean
CHICAGO, April 11 (Reuters) - Major U.S. airlines are expected to reiterate the strength of travel demand when earnings season gets underway later this week. Pent-up travel demand as well as constrained airline capacity due to shortages of aircraft, spare parts, and labor have, thus far, allowed the industry to avoid the fallout from a slowdown in the broader economy. Chief executives of major carriers last month rushed to reassure jittery investors after a profit warning from United Airlines (UAL.O) stoked worries about the industry's pricing power. The industry has been leaning on soaring consumer demand to mitigate higher labor and fuel costs with higher fares. "The price elasticity of demand over economic cycles will be the ultimate arbiter of the industry's ability to cover increasing costs," Moody's said.
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