πŸ”₯ Norwegian Cruise Line Holdings Ltd. Provides Business Update NYSE:NCLH

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The Company previously announced a voluntary suspension of all cruise voyages from March 13 to June 30, for its three brands. All


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Norwegian Cruise Line opened bookings for new sailings that extend into Norwegian announced guests can begin booking cruises in through , with voyages to over 20 new / Comments March (​Norwegian Sun); Fortaleza, Brazil – March (Norwegian Star); Salvador de Bahia.


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Formats available: Original Medium Small. Examples of these risks, uncertainties and other factors include, but are not limited to the impact of:. Our guests continue to demonstrate their desire for cruise vacations as we continue to experience demand for voyages further in the future across our three brands. When the time comes, we will be ready to safely resume operations and welcome our loyal guests on board. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. This includes ongoing ship operating expenses, administrative operating expenses, interest expense and expected necessary capital expenditures and excludes cash refunds of customer deposits as well as cash inflows from new and existing bookings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law. The timing and structure of any transaction will depend on market conditions. These forward-looking statements speak only as of the date made. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.{/INSERTKEYS}{/PARAGRAPH} As a consequence of these known and unknown impacts, while the Company cannot estimate the impact on its business, financial condition or near- or longer-term financial or operational results with certainty, it expects to report a net loss on both a U. It is not possible to predict or identify all such risks. As of April 17 th , advanced bookings for the remainder of were meaningfully lower than the prior year with pricing down low-single digits. There may be additional risks that we consider immaterial or which are unknown. Andrea DeMarco InvestorRelations nclcorp. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID outbreak. The ongoing suspension contributes to the global efforts to contain the spread of COVID, which has also resulted in travel restrictions and significant uncertainty regarding worldwide port closures and availability. The above examples are not exhaustive and new risks emerge from time to time. These measures include:. The Company is also currently evaluating several additional strategies to enhance its liquidity position. These future cruise credits are valid for any sailing through December 31, As of April 17, , approximately half of the guests who have had their voyages cancelled have requested cash refunds. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. Subscribe via RSS. The Company has since experienced substantial impacts related to the emergence of the COVID global pandemic including meaningful softness in near-term demand and elevated cancellations. The Company will continue to work with the CDC and other federal agencies, global public health authorities and national and local governments in areas where it operates to take all necessary measures to ensure the health, safety and security of guests, crew and the communities visited once operations resume. Booking trends indicate demand for cruise vacations in the medium and longer term with the booked position for essentially flat compared to prior year at pricing that is down mid-single digits. Prior to the suspension of cruise voyages, the Company had begun developing a comprehensive and multi-faceted strategy to enhance its already rigorous health and safety protocols to address the unique public health challenges posed by COVID, including but not limited to enhanced screening, upgraded cleaning and disinfection protocols and plans for social distancing. As outlined in the Improved Debt Profile section above, the Company is in negotiations to defer a substantial portion of the maturities due within the next twelve months. Subscribe via ATOM. Email Print Friendly Share. Norwegian Cruise Line Holdings Ltd. The Company has swiftly undertaken several proactive measures to mitigate the financial and operational impacts of COVID This action plan includes cost mitigation and cash conservation levers the Company has deployed to preserve and enhance liquidity and is part of an overall plan that, as described below, also contemplates additional sources of capital and liquidity. With a combined fleet of 28 ships with approximately 59, berths, these brands offer itineraries to more than destinations worldwide. {PARAGRAPH}{INSERTKEYS}The Company previously announced a voluntary suspension of all cruise voyages from March 13 to June 30, for its three brands. We will continue to evaluate all additional options to enhance liquidity. Norwegian also continues to take future bookings for , and , and receive new customer deposits and final payments on these bookings. The Company will introduce nine additional ships through All statements other than statements of historical facts contained in this press release, including, without limitation, those regarding our business strategy, financial position, results of operations, plans, prospects, actions taken or strategies being considered with respect to our liquidity position, valuation and appraisals of our assets and objectives of management for future operations including those regarding expected fleet additions, our voluntary suspension, our ability to weather the impacts of the COVID pandemic, operational position, demand for voyages, financing opportunities and extensions, and future cost mitigation and cash conservation efforts and efforts to reduce operating expenses and capital expenditures are forward-looking statements. Register Sign In. Several of these protocols were put in place prior to the voyage suspension.