Norwegian Cruise Line Holdings has reported an adjusted web lack of $2.2 billion for monetary 2020 after practically a yr out of the water.
This compares to an adjusted revenue of $1.1 billion for 2019.
The group – which owns Norwegian Cruise Traces, Oceania Cruises and Regent Seven Seas Cruises – halted all sailings in March final yr because the Covid-19 pandemic unfold and has but to return to operation.
Income on the cruise big decreased 80 per cent to $1.three billion over the course of final yr.
The opposed affect on income was because of the cancellation of the overwhelming majority of sailings in 2020 on account of the Covid-19 pandemic, which resulted in a 78 per cent lower in capability days.
“Whereas 2020 has been definitely probably the most difficult yr within the firm’s 50-plus yr historical past, our group responded to the unprecedented surroundings with swift and decisive motion.
“Our firm demonstrated as soon as once more its adaptability and resiliency, underscored by the unwavering dedication and dedication from our group members throughout the globe,” mentioned Frank Del Rio, president and chief govt officer of Norwegian Cruise Line Holdings.
“Trying forward, we’re inspired by the accelerating rollout of vaccines, the progress in the direction of herd immunity and the robust demand for future cruise holidays.”
Norwegian Cruise Line Holdings at present hopes to return to operation on Might 31st – however the deadline has repeatedly slipped in latest months.
Month-to-month common money burn for the fourth quarter because the group was roughly $190 million.
This included roughly $15 million per thirty days of extra relaunch-related bills as Norwegian started making ready vessels for a possible return to service in early 2021.
Nevertheless, following recommendation from the Centres for Illness Management & Prevention, the relaunch was postponed till not less than early summer time.
