Latest news with #LeahTalactac
Travel Weekly
20-05-2025
- Business
- Travel Weekly
Viking says 2025 is effectively sold out
Viking is practically sold out for 2025. The cruise line had sold 92% of 2025 inventory as of May 11, Viking said Tuesday in its Q1 earnings report. CFO Leah Talactac said that with 92% of capacity booked, Viking has "effectively sold out the year, given our typical load factor." "With 2025 now largely secured, our focus has shifted to 2026, where we have a solid foundation with more than 37% of our capacity already sold, positioning us well amid evolving macroeconomic conditions," Talactac said. Viking reported $897.1 million in Q1 revenue, a nearly 25% jump year over year. "Viking is off to a remarkable start in 2025, with our first-quarter financial performance underscoring the continued momentum in our business," chairman and CEO Torstein Hagen said. January was the best booking month in company history, and the cruise line had its best Wave season (bookings in the first three months of the year), Hagen said. The line reported bookings in April and May are also up year over year. Q1 occupancy for river cruises was at 93.9%, while ocean capacity was at 94.4%. Capacity increased by nearly 15% in the first quarter due to the addition of two river cruise ships in Egypt -- the Viking Hathor and Viking Sobek -- and the Viking Vela ocean ship. The river cruise line has $5.5 billion in advanced bookings for this year and $2.7 billion for next year, a 17% increase from the same point in time in 2024. These bookings indicate that Viking's target audience remains "financially resilient" and prioritizes travel, the cruise line said. What's in the Viking pipeline Since the cruise line's last earnings call, the company has taken delivery of the Viking Nerthus, which will sail three itineraries on the Seine River in France. Viking announced it would add another ship on the Douro in 2027. It will be Viking's sixth ship in Portugal. The brand has also entered shipbuilding contracts for two ocean ships scheduled for delivery in 2031 and has options for two more in 2033. The company expects to add 11 new ocean ships to its fleet by 2031, including the Viking Libra, its first hydrogen-powered cruise ship. The company is on track to add one ocean ship and nine river ships this year.
Yahoo
10-02-2025
- Business
- Yahoo
Viking Receives 2024 North America IPO of the Year Award by International Financing Review
LOS ANGELES, February 10, 2025--(BUSINESS WIRE)--Viking® ( (NYSE: VIK) has been named the 2024 North America IPO of the Year by International Financing Review (IFR) in the publication's prestigious annual awards. The honor highlights Viking's successful initial public offering (IPO) that closed on May 3, 2024. Viking's IPO was the largest IPO of the year on the NYSE and the second largest in the U.S. in 2024. The IFR Awards are among the most significant honors in global capital markets, recognizing excellence in investment banking and financial performance. Hosted annually by IFR, a leading provider of capital markets intelligence and analysis, the awards celebrate the most significant deals, institutions and innovations across equity and debt markets worldwide. "We have always been different in the industry—we focus on the destination and appeal to a defined audience of curious travelers who have the time and desire to explore the world in comfort," said Torstein Hagen, Chairman and CEO of Viking. "It was a historic moment to become a public company, but we also considered it a natural step to solidify our position as a global leader in experiential travel," said Leah Talactac, President and Chief Financial Officer of Viking. "We believe our successful IPO is a testament to the strength of our business model, exceptional execution by our Viking family and great support from our banking partners. This milestone reflects the confidence investors have in our vision and ability to deliver long-term shareholder value." Today's announcement is the latest in a series of recent accolades for Viking. Viking was rated #1 for Oceans, #1 for Rivers and #1 for Expeditions by Condé Nast Traveler in the 2024 Readers' Choice Awards for the second consecutive year. Viking was also named a "World's Best" for oceans, rivers and expeditions in Travel + Leisure's 2024 World's Best Awards. No other travel company has simultaneously received the same honors from both publications—something Viking has now achieved two years in a row. Cruise Critic also honored Viking with seven awards across the Luxury (Ocean), River and Expedition categories in the 2024 Best in Cruise Awards. Additionally, Viking was named Best Luxury Line, Best Line for Couples and Best Line in the Mediterranean in U.S. News & World Report's 2025 Best Cruise Lines ranking for the fourth consecutive year. About Viking Viking (NYSE: VIK) was founded in 1997 and provides destination-focused journeys on rivers, oceans, and lakes around the world. Designed for curious travelers with interests in science, history, culture and cuisine, Chairman and CEO Torstein Hagen often says Viking offers experiences For The Thinking Person™. Viking has more than 450 awards to its name, including being rated #1 for Rivers, #1 for Oceans and #1 for Expeditions by Condé Nast Traveler in the 2023 and 2024 Readers' Choice Awards. Viking is also rated a "World's Best" for rivers, oceans and expeditions by Travel + Leisure. No other travel company has simultaneously received the same honors by both publications. For additional information, contact Viking at 1-800-2-VIKING (1-800-284-5464) or visit For Viking's award-winning enrichment channel, visit View source version on Contacts Email: vikingpr@ Sign in to access your portfolio
