It has bet on higher ticket prices and steady demand in the U.S. for cruises to the Caribbean and Europe.

The company's shares flew up over 12% shortly after the update.

Cruise operators have seen record levels of bookings this year.

Travelers want to spend on new experiences and have chosen cruises over land-based alternatives like hotels or theme parks.

It has given companies like Carnival and Royal Caribbean more room to hike prices on their itineraries to offset high labor and fuel costs.

Norwegian's advance ticket sales ended 2023 at a year-end record of $3.2 billion.

That was about 56% higher when compared with the end of 2019 - before the global health crisis.

It further said it returned to full-year profitability for the first time since 2019.

Norwegian Cruise forecast an adjusted profit of 12 cents per share for the first quarter,.

The company's fourth-quarter revenue rose to $1.99 billion from $1.52 billion a year earlier - just above analyst forecasts.