Record-Breaking Financial Performance
The company delivered historical highs for revenues, yields, operating income, and EBITDA for both the fourth quarter and the full year 2025, with net income exceeding $3 billion, a 60% increase over 2024.
Successful Cost Management
Unit costs improved over 1 point better than initial guidance with a 2.6% increase for the year, effectively mitigating inflation and higher expenses.
Strong Booking Volumes
Achieved record booking volumes for 2026 and 2027, with customer deposits up 7% year-over-year, hitting an all-time high.
Reinstatement of Dividend
Resumed dividend at an initial rate of $0.15 per quarter, reflecting confidence in cash generation and balance sheet improvements.
Investment-Grade Leverage
Achieved an investment-grade net debt to adjusted EBITDA ratio of 3.4x at year-end 2025, with significant debt reduction achieved over the past three years.