Norwegian Cruise Line Holdings Ltd. (NCLH)

Cruise operator, 39,200 shipboard and 5,300 shoreside. Read October 20, 2026 from the annual report for the period ending December 31, 2025, filed March 2, 2026. Ranked 64 of the 199 Consumer Cyclical companies read so far, by the share within reach now.

The filing counts 39,200 shipboard and 5,300 shoreside employees, so the shoreside share is counted and the shipboard count is split between marine and hotel work by description.

The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.

What follows from the reading

Share of working time within reach of AI, on the long-run pace at four in five: 23% now, 31% at the end of 2027, 35% at the end of 2028, 35% at the end of 2030. By the patterns, the work is about 35% desk work, 20% people work and 45% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 58% of the working time stays with people (conversation, in-person and hands-on work), 31% becomes checking a model's work and 9% could be handed over with lighter checks, from the industries' own figures, not the company's roles.

Headcount

44,500 employees as of December 31, 2025 (sum of stated parts). The filing counts no employees by country; shipboard crews are worldwide and North America is 57% of revenue.

The filing: “As of December 31, 2025, we employed approximately 5,300 full-time employees worldwide in our shoreside operations and approximately 39,200 shipboard employees.”

The workforce as industry patterns

What the filing says about the workforce: 5,300 full-time shoreside and 39,200 shipboard; most shipboard pay is negotiated with unions under collective bargaining agreements, share not stated; an $18 minimum wage for non-commission U.S. shoreside staff; Regent and Oceania ships use a third party for additional hotel and restaurant staffing.

Companies read with the same leading pattern

Other companies whose largest staffing pattern is also Deep Sea, Coastal, and Great Lakes Water Transportation, largest first, each read from its own annual report. Within reach now and at the end of 2028, long-run pace, four in five.

• Carnival Corporation & plc (CCL, 117,000 employees)23% now, 35% by 2028
• Royal Caribbean Cruises Ltd. (RCL, 108,000 employees)22% now, 34% by 2028
• Tidewater Inc. (TDW, 7,300 employees)26% now, 41% by 2028

What the filing says about AI

8 sentences in the filing name AI. The filing names the adoption and use of AI among the technology its business demands, and AI as a tool threat actors use to make cyberattacks more sophisticated and frequent.

• “If we are unable to attract new customers, or fail to do so in a cost-effective manner, our growth could be slower than we expect and our business could be harmed. ​ A failure to keep pace with developments in technology could impair our operations or competitive position. ​ Our business continues to demand the use of sophisticated systems and technology, including the adoption and use of artif...”
• “Threat actors are increasingly leveraging AI to enhance the sophistication, speed, and effectiveness of cyberattacks.”
• “The proliferation of AI tools may lower barriers for threat actors and increase the frequency and severity of attacks we face, and our security measures may not keep pace with these evolving capabilities.”
• “Additionally, older ships in our fleet may not be as competitive as new ships enter the market, and we may not be able to effectively sell or charter such older ships at optimal prices. ​ Our use of AI technologies may present business, compliance, and reputational risks. ​ We use AI technologies in some of our business processes, including some consumer-facing features.”
• “Developing our own AI technologies requires resources to develop, test, and maintain such technologies, which could be costly.”

Its annual reports, year by year

Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector

• Fiscal 20210median 0
• Fiscal 20221median 0
• Fiscal 20231median 1
• Fiscal 20246median 4
• Fiscal 20258median 10

Headcount by filing year

As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.

Limits of this reading

• The collector took the 5,300 shoreside count; rule 2 sums the stated shoreside and shipboard parts to 44,500.
• Third-party hotel and restaurant staff on the Regent and Oceania ships are not counted (rule 8).
• The shipboard count is split between marine and hotel work by description, not by a stated count.

Source: the company's annual report on EDGAR, accession 0001104659-26-022067, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.