Norwegian Cruise Line Holdings Ltd. (NCLH) reports that its CEO Frank Del Rio’s total compensation for 2017 was $10.5 million.  

Cruise executive Del Rio received compensation valued at $2.9 million in 2016, down from almost $32 million in 2015. According to Seatrade Cruise News, Mr. Del Rio received compensation valued at $31.9 million in 2015, including nearly $17.8 million in stock options and $10.3 million in stock awards. His cash income was about $4 million including a salary of over $1.8 million, and a bonus of $1.9 NCL CEO Frank Del Riomillion. Other compensation of $140,651 included a cash automobile allowance, tax preparation service and a country club membership.

HCLH’s first quarter returns for this year include revenues of $1,293.4 million, and a 13.1% increase in passenger ticket revenues to $889.87 million. 

In an article in Skift today titled Norwegian Cruise CEO Sees No Signs of Recession, Del Rio disputed  the standard worry among cruise industry investors these days "that a recession might loom as the global fleet is growing, potentially leading to costly new ships with a public too cash-strapped to sail on them." 

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Interested in this issue? We suggest reading:

NCL CEO Del Rio on the Norwegian Breakaway Bomb Cyclone Fiasco: "Weather Can Be Unpredictable . . . (It’s) All Good." 

NCL Imposes Keelhauling to Motivate Crew Members.

Photo credit: Frank Del Rio – Mark Elias/Bloomberg via Getty Images and Storify.

  • Owen

    The Cruise lines, are building these mammoth ships…….that i don’t care for, as they are nothing more the cattle carriers, that I will not cruise on, I predict, that the cruise lines will start to have alot of problems filling these mammoth ships, once the novelty passes as they truly are awful……..I prefer ships that are in the 90,000 ton class, as they can go into ports, where the mammoth elephant ships cannot go….