May 14, 2020
- The NCLH cruise group closes the first quarter
an unprecedented net loss, higher than revenues
- The volume of business fell by -11.2% and the result
net negative economic rate amounted to -1.88 billion
- The three Norwegian Cruise Line, Oceania Cruises and Regent companies
Seven Seas Cruises have suspended their activities
13 March due to the impact on tourism
pandemic in Covid-19, disrupting
However, only half a month's lay-off was enough to have a
strong negative effect on the economic performance obtained in the first
quarter of this year by the parent company Norwegian Cruise Line
Holdings (NCLH) posted an unprecedented net loss
-1.88 billion dollars compared to a net profit of 118.2 billion
million dollars in the first three months of 2019.
- In the first quarter of 2020, the period in which ships operated
by the group's three brands hosted 500,000 passengers with a
down -22.5%, NCLH's revenues totaled 1.25 billion
dollars (-11.2%), of which 840.8 million were generated from the sale
cruises (-13.6%) 406.1 million from sales on board
ships (-5.6%). Increased operating costs due to the increase in operating costs
mainly the suspension of cruises, which have
994.3 million dollars, or 20.3%. Increasing the number of
expenses also increased the cost of fuel which rose from 461
dollars/tonne in the first quarter of 2019 at 614
dollars/tonne in the first three months of 2020, a rise that has
fuel costs totalling 125.0
million registered in this year's first quarterly budget.
EBITDA and operating profit were both a sign
-1.62 billion and -1.82 billion, respectively, respectively.
dollar vs. positive results of 327.6 million and
158.3 million dollars in the first quarter of last year.
- NCLH Chairman and CEO Frank Del Rio
recalled that to strengthen the financial position of the
in response to the impact of the pandemic in recent weeks
capital increases totalling 2.4 million
billions of dollars.