Viking Holdings Ltd (NYSE: VIK) announced Leah Talactac has been appointed chief executive officer, replacing Torstein Hagen who becomes executive chairman. Talactac, who joined Viking in 2006 and served as president and chief financial officer, will continue leading the executive committee. Linh Banh, executive vice president of finance, has been named chief financial officer.

The cruise operator reported first quarter 2026 revenue of $1.05 billion, up 17.5% from the same period in 2025. Net yield increased 9.5% to $596 per passenger cruise day. Adjusted EBITDA rose 43.9% to $104.8 million compared to $72.8 million in the prior year quarter.

The company posted a net loss of $54.2 million, or $0.12 per diluted share, compared to a loss of $105.5 million, or $0.24 per share, in the first quarter of 2025. Occupancy reached 94.7% during the quarter with 119,757 passengers carried across 92 vessels.

Viking has sold 92% of its capacity passenger cruise days for the 2026 season and 38% for 2027. The company took delivery of the Viking Eldir river vessel and acquired the Viking Yidun ocean ship from China Merchants Viking Cruises Limited during the quarter.

Net leverage improved to 1.0x from 1.1x at year-end 2025. The company maintained $4.0 billion in cash and cash equivalents and has an undrawn $1.0 billion revolver facility. S&P upgraded Viking Cruises Ltd's corporate rating to BB+ from BB in March 2026.