🤑 Norwegian Cruise Line warns there is ‘substantial doubt’ about future business

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The parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises has released its first major business update.


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Norwegian Cruise Line Holdings (NCLH) has filed a Form 8-K with the SEC outlining work being done to free up liquidity during the cruise line.


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Norwegian Cruise Line Holdings Ltd cruise ship Jewel seen anchored in the Pacific Ocean in this aerial photograph taken above Long Beach.


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Norwegian Cruise Line Holdings Ltd's $ billion in cash on hand will be enough to bankroll the company for "at least 18 months" without any.


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Norwegian Cruise Line Holdings (NCLH) has filed a Form 8-K with the SEC outlining work being done to free up liquidity during the cruise line.


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The parent company of Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises has released its first major business update.


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Norwegian Cruise Line Holdings Ltd's $ billion in cash on hand will be enough to bankroll the company for "at least 18 months" without any new revenue due.


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Norwegian purchased a private island in the Bahamas to be used exclusively by its passengers in , more than a decade before its competitors would do the same. Norwegian shares fell As of mid-April, analysts estimated that the industry as a whole had enough cash on hand for 10 cruise-less months. The company has announced it will resume some sailings in August of this year. Nearly 2,, passengers traveled on its ships in The coronavirus pandemic, and subsequent sailing cancellations, has caused cruise shares to plummet. The company has ships across nine brands. Arison left in to form Carnival Cruise Line. Center for Disease Control and Prevention, which has since been extended until at least July 24 or until the pandemic is declared over. The Inquirer Coronavirus Newsletter. The concept has since been widely copied. Cash shortfall. The pause means onboard revenue — which normally accounts for about one-third of income — has evaporated. Editor's Note.

Despite that warning, Wall Street analysts say that as long as capital markets remain sturdy, the cruise line should still be able to weather the coronavirus pandemic.

The latest information can be found at inquirer. Cash on norwegian cruise later sold half the company to private equity firm Apollo Management in Both companies sold their shares of the company in Inthe company went public.

Init introduced The Haven, an exclusive all-suite area with a private pool, dining and bar. Skip to content. The company operates 61 ships across six brands. The pair aimed to create cash on norwegian cruise cruise vacation accessible to the middle class.

Norwegian Cruise Line Holdings has 4, employees around the world working in its shore-side operations and around 32, shipboard employees. Tuesday shares dropped 8.

Though Norwegian has remained smaller than competitors Carnival Cash on norwegian cruise and Royal Caribbean Cruises, it has pushed the industry into new frontiers.

The company, among the largest consumer-focused private equity firms in the world, was formed through a partnership between private-equity firm Catterton, luxury retailer Cash on norwegian cruise, and Groupe Arnault, the family holding company of Bernard Arnault.

The Norwegian Encore cruise ship docked at the Port of Miami. The company has announced all its cruises are halted through at least June On March 13, the cruise industry shut down new cruises for 30 days following a no-sail order from the U.

Coronavirus Coverage. Around half of passengers who had their click here canceled are opting for a refund over a future credit with the company, cash on norwegian cruise limiting its cash holdings.

A doctor on the Norwegian Gem died last week after treating crew with respiratory illnesses. In recent weeks the company has been shifting crew between ships without testing them for the disease.

Other companies soon followed. We Recommend.

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