Investment firm Elliott has acquired a stake exceeding 10% in Norwegian Cruise Line and intends to advocate for operational reforms at the cruise company, according to a Wall Street Journal report published Monday that cited sources with knowledge of the situation.
Reuters was unable to independently confirm the Wall Street Journal’s reporting.
Norwegian Cruise Line has not yet provided a response to Reuters’ inquiry for comment.
Data compiled by LSEG shows Norwegian’s stock price has dropped more than 11% during 2025, while competitor cruise lines Royal Caribbean and Carnival have experienced increases due to robust consumer demand and elevated ticket pricing.
Just last week, Norwegian Cruise named John Chidsey, the former chief executive of Subway Restaurants, as its new leader, taking over from Harry Sommer.
The cruise company has previously indicated that its fourth-quarter earnings, scheduled for release later this month, will likely fall short of analyst projections.
In contrast, competitor Royal Caribbean released projections last month forecasting continued strong consumer interest, as wealthy travelers maintain their preference for ocean-based vacation experiences.
According to Monday’s Wall Street Journal report, Elliott has privately contacted Adam Goldstein, who previously served as president and chief operating officer at Royal Caribbean, regarding a potential nomination to Norwegian Cruise’s board of directors.
The investment firm seeks to enhance Norwegian Cruise’s financial results and customer satisfaction, the report stated, observing that Elliott considers Royal Caribbean to have successfully managed both areas and recognizes that Norwegian Cruise has achieved a solid recovery in the past.
