Skip to main content

Norwegian Cruise Line warns of coronavirus impact

Cruise
Gary Noakes
21 February 2020

Norwegian Cruise Line has warned the coronavirus will affect 2020 earnings despite a strong start to the year.

Norwegian Spirit will embark on a new repositioning voyage from Australia to Asia

NCL said it had entered 2020 “with a record booked position and at higher pricing” until mid-February. However, customer compensation and 40 cancelled, modified or redeployed Asia voyages will costs investors around 75 cents a share, it said.

The brand has cancelled 21 Asia voyages on Norwegian Spirit, which has been moved to the eastern Mediterranean this summer “with an extremely condensed booking window”.

NCL said prior to the outbreak, “the company was on a solid trajectory to achieve financial targets but admitted: “The company does not anticipate achieving these targets by year-end.”