Viking Holdings is entering 2027 with substantially higher advance bookings even as the cruise operator prepares to increase its available capacity by another 15%.
As of August 9, Viking had $4.71 billion of advance bookings for its 2027 Core Products season, 21% higher than its comparable booked position for the 2026 season.
The company had already sold 53% of its 2027 Capacity Passenger Cruise Days despite planned operating capacity that is 15% higher than 2026.
Pricing and revenue per unit of capacity also remain strong.
Advance bookings per Capacity Passenger Cruise Day for 2027 reached $958, up 10% from the comparable 2026 booked position.
Viking’s nearer-term 2026 season is almost completely booked. The company had sold 96% of available Core Products capacity as of August 9, with advance bookings reaching $6.39 billion, 13% above the prior year’s comparable level.
Advance bookings per PCD for 2026 were $833, up 6%.
The booking strength comes as Viking continues expanding its fleet.
Second-quarter Capacity PCDs increased 10.9% year-over-year, largely reflecting fleet growth, while occupancy reached 94.4%.
Quarterly revenue increased 16.5% to $2.19 billion, while adjusted EBITDA rose 18.2% to $748.4 million. Net yield increased 6.2% to $645.
Net income increased to $587.7 million from $439.2 million, and diluted EPS increased to $1.31 from $0.99.
Viking had $4 billion in cash and cash equivalents at quarter-end and an undrawn $1 billion revolving credit facility. Deferred revenue stood at $5 billion.
The company has continued adding ships to support its capacity expansion, recently taking delivery of one ocean vessel and four river vessels. Viking expects another ocean ship and five additional river vessels during the remainder of 2026.
KEY QUOTES:
“We are already 53% booked with capacity increasing 15% year-over-year. These results reflect the continued strength of the demand for the Viking product and reinforce our confidence in the long-term growth trajectory of the business.”
Linh Banh, CFO of Viking
