Story perspectives

Elliott Invests in Norwegian Cruise, Seeks Major Changes

2/17/2026

Summary

Story summary

Activist investor Elliott has acquired more than 10% of Norwegian Cruise Line (NCLH) and plans to advocate for changes.
Norwegian's shares fell more than 11% in 2025, while competitors Royal Caribbean and Carnival thrived on strong demand.
Norwegian appointed John Chidsey, former CEO of Subway Restaurants, as its new leader.
The company expects fourth-quarter profits to fall below expectations.
Elliott has approached Adam Goldstein, ex-president of Royal Caribbean, regarding a potential board seat to boost financial performance and guest experience.

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Story summary

Activist investor Elliott has acquired more than 10% of Norwegian Cruise Line (NCLH) and plans to advocate for changes.
Norwegian's shares fell more than 11% in 2025, while competitors Royal Caribbean and Carnival thrived on strong demand.
Norwegian appointed John Chidsey, former CEO of Subway Restaurants, as its new leader.
The company expects fourth-quarter profits to fall below expectations.
Elliott has approached Adam Goldstein, ex-president of Royal Caribbean, regarding a potential board seat to boost financial performance and guest experience.