Norwegian Cruise Line Holdings has reported an adjusted net loss of $2.2 billion for financial 2020 after nearly a year out of the water. This compares to an adjusted profit of $1.1 billion for 2019.
Norwegian Cruise Line Holdings has cancelled all sailings until at least the end of May as the cruise sector struggles to battle back from the Covid-19 pandemic.
As Norwegian Cruise Line prepares to return to the water, UK, Ireland, Middle East & Africa managing director, Eamonn Ferrin, here tells Breaking Travel News what changes passengers can expect in the post-Covid-19 world
Norwegian Cruise Line Holdings has confirmed none of its three brands will return to operation until at least the end of November. The move also impacts Oceania Cruises and Regent Seven Seas.
Norwegian Cruise Line saw revenue fall to just $16.9 million in the three months to June 30th, as the sector came to a virtual standstill during the coronavirus pandemic.
Cruise industry leaders Royal Caribbean Group and Norwegian Cruise Line Holdings have announced a collaboration to develop enhanced cruise health and safety standards.
As the road back for the cruise sector grows ever long, Norwegian Cruise Line Holdings has confirmed a new wave of cancellations. Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises will not now return to operation until at least October.
As the hospitality industry seeks to rebuild trust among travellers, a cruise ship can be “safer than anywhere else in the world” Frank Del Rio, president and chief executive of Norwegian Cruise Line Holdings, has argued.
Norwegian Cruise Line has reported a net loss of $1.9 billion for the first three months of financial 2020, down from a profit of $118 million for the same period last year.
Having warned earlier this week it might not be in a position to continue trading in the wake of the coronavirus pandemic, Norwegian Cruise Line Holdings has secured fresh investment.
Norwegian Cruise Line has seen its share price crash by a fifth after warning there is “substantial doubt” about its ability to continue operations. The company said it did not expect to make any further cash in 2020.
Norwegian Cruise Line also owns and operates the Oceania Cruises and Regent Seven Seas Cruises brands. All 28 ships under the three flags are currently at anchor, with no sailings planned until June 30th at the earliest.