The company, which owns the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, also expects to turn cash “positive” from its operations during the second quarter of 2022.
Frank Del Rio, chief executive of Norwegian Cruise Line Holdings, said: “These last few months have also had their share of challenges caused by the impacts from the Delta and Omicron Covid-19 surges.
“But despite these challenges which were mostly out of our control, our booked position and pricing remain strong, particularly for the second half of 2022 and into 2023, demonstrating the strong fundamental demand for our cruise offerings.”
Del Rio made his comments as NCL Holdings announced its financial results for 2021, showing the company made a net loss of $4.5 billion in 2021 – even higher than its 2020 loss of $4 billion.
The firm’s revenue declined by 49.4% from $1.3 billion in 2020 to just $600 million in 2021, as cruises were suspended from March 2020 through to the middle of 2021, with ships having to sail at reduced occupancy levels once they finally resumed service.
Chief financial officer Mark Kempa added: “Momentum continues building as we approach 85% of our capacity expected to be in operation at the end of the first quarter.
“We are keenly focused on executing our financial plan on the path to our next significant milestone as we expect to achieve positive operating cash flow in the second quarter.”
