NCLH chief 'encouraged by future demand' amid Covid challenges

In an update released with NCLH’s 2020 third-quarter results, president and chief executive Frank Del Rio said recently issued framework by the US CDC was “a step in the right direction” on the industry’s path to a safe resumption of operations.

“We will continue to collaborate with the CDC on next steps to relaunch operations with a shared goal of protecting the health and safety of our guests, crew and the communities we visit.”

NCLH reported a net loss during the three months to 30 September of $677.4 million compared with a profit of $450.6 million year-on-year.

Revenue fell to $6.5 million, from $1.9 billion over the same period last year “due to the complete suspension of voyages in the quarter”.

NCLH added that it had a sustained monthly average cash burn of $150 million in the third quarter – which it expected to rise to $175 million a month in the current quarter.

Despite booking levels as a result of Covid-19 remaining “below historical levels”, NCLH said there “continues to be demand for future cruise vacations” particularly for sailings in the second half of 2021.