The Wall Street Journal reported that Elliott, an activist investor, has acquired a stake of more than 10% in Norwegian Cruise Line. He plans to make changes within the cruise operator.

Could not verify immediately the WSJ article.

Norwegian Cruise Line has not responded to the request for comment immediately.

Norwegian Airlines'?shares will lose more than 11% of their value in 2025, while its?rivals Royal Carribean & Carnival will gain on the back of increased ticket prices and demand.

Last ?week, Norwegian Cruise

The following are the names of those who have been appointed.

Former Subway Restaurants CEO, John?Chidsey will be the new boss of the company replacing Harry Sommer.

The company has previously stated that its expected fourth-quarter profits, which are due to be announced later this month will come in lower than expectations.

Royal Caribbean's rival, however, released its outlook last month.

The demand for sea-based holidays is expected to be strong, as wealthy customers continue their preference for these vacations.

The WSJ reported on Monday that Elliott had privately approached Adam Goldstein, former president and COO at?Royal Caribbean?, as a possible nominee for a Norwegian Cruise board seat.

Elliott wants to improve Norwegian Cruise's financial performance as well as the guest experience. The report noted that Elliott believes Royal Caribbean has done a good job on both fronts.

(source: Reuters)