Norwegian Cruise CEO “Astonished” by Solid Booking Rates
August 11, 2020 ctn_admin
PAXNEWS – Despite reports of plunging revenue due to prolonged periods of not sailing during the COVID-19 pandemic, the CEO ofĀ Norwegian Cruise LineĀ (NCL) ā which reported a net loss of $715 million in its second quarter on August 6th ā is āastonishedā at how well bookings continue to pour in.Ā
According to its latest earnings report, NCLās has revenue dropped by $17 million (USD), down from $1.7 billion USD last year.
The cruise line, alongside others with theĀ Cruise Lines International AssociationĀ (CLIA), alsoĀ recently suspended voyagesĀ until at least November.Ā
NCLās monthly cash burn is estimated to be around $160 million amid the pandemic. However, company CEOĀ Frank Del RioĀ remains optimistic that the cruise industryās loyal customer base will keep NCL afloat.
In a recent media call, Del Rio was āastonished how well bookings are coming in, given the fact the industry is suspended,ā asĀ reported byĀ Forbes.Ā
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