The company, which operates the NCL, Regent and Oceania Cruises brands, insisted it was “well positioned to withstand prolonged voyage suspensions” as it announced losses of $715.2 million for the second quarter of 2020.
Currently all itineraries on the company’s three lines are suspended until the start of November 2020.
In July, NCL Holdings strengthened its financial position by raising $1.5 billion but the company is currently “burning” through an average of $160 million per month while operations remain suspended.
NCL parent sees revenue collapse amid cruise suspension
Cruise
Rob Gill
6 August 2020
Norwegian Cruise Line Holdings has seen its quarterly revenue slump by 99% from $1.7 billion a year ago to just $16.9 million as the company was forced to suspend all voyages due to the coronavirus.
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