Norwegian Cruise Line Holdings
Q3 2022 Earnings Call
Nov 08, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning and welcome to the Norwegian Cruise Line Holdings' business update and third quarter 2022 earnings conference call. My name is Maria, and I'll be your operator today. [Operator instructions] As a reminder to all participants, this conference call is being recorded. I would now like to turn the conference over to your host, Jessica John, vice president of investor relations, ESG, and corporate communications.
Ms. John, please proceed.
Jessica John -- Vice President, Investor Relations, ESG, and Corporate Communications
Thank you, Maria, and good morning, everyone. Thank you for joining us for our third-quarter 2022 earnings and business update call. I'm joined today by Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings, and Mark Kempa, executive vice president and chief financial officer. Frank will begin the call with opening commentary, after which, Mark will follow to discuss our financials before handing the call back to Frank for closing remarks.
We will then open the call for your questions. As a reminder, this conference call is being simultaneously webcast on the company's Investor Relations website at www.nclhltd.com/investors. We will also make reference to a slide presentation during this call, which may be found on our Investor Relations website. Both the conference call and presentation will be available for replay for 30 days following today's call.
Before we begin, I would like to cover a few items. Our press release with third-quarter 2022 results was issued this morning and is available on our IR website. This call includes forward-looking statements that involve risks and uncertainties that could cause our actual results to differ materially from such statements. These statements should be considered in conjunction with the cautionary statement contained in our earnings release. Our comments may also reference non-GAAP financial measures.
A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. With that, I'd like to turn the call over to Frank Del Rio. Frank?
Frank Del Rio -- President and Chief Executive Officer
Thank you, Jessica, and good morning, everyone, and thank you for joining us today. I am pleased to report that we reached another significant achievement on our road to recovery this quarter with a generation of positive adjusted EBITDA for the first time since the pandemic began. We have been clear about our intentional and methodical return to service strategy, consistently meeting or even exceeding the operational and financial milestones we had guided to. I am encouraged by our progress as each quarter has seen substantial sequential improvement in load factor, with the shortfall gap continuing to narrow versus pre-pandemic levels while our industry-leading pricing continues to hold strong.