NCLH to restart as early as Nov?

Cruise Weekly - - Front Page -

NOR­WE­GIAN Cruise Line Hold­ings (NCLH) Chief Ex­ec­u­tive Of­fi­cer Frank Del Rio has ad­mit­ted a full re­launch of cruise op­er­a­tions will take “six months”, de­spite re­veal­ing cruises could re­turn in a limited ca­pac­ity later this year.

Speak­ing on the com­pany’s sec­ond quar­ter earn­ings call, Del Rio con­ceded the NCLH fleet would not likely re­turn un­til the north­ern spring next year, but flagged limited-ca­pac­ity cruises could be­gin as early as Nov.

Del Rio es­ti­mated ca­pac­ity will start out around 50% or 60%, with a full re­launch to then take about six months.

De­spite re­port­ing an ad­justed net loss of US$666.4 mil­lion in its sec­ond quar­ter, Del Rio noted busi­ness is “rel­a­tively strong”, with NCLH see­ing de­mand for cruises in 2021.

The com­pany’s over­all cu­mu­la­tive booked po­si­tion for 2021 is within its his­tor­i­cal range, in­clud­ing book­ings made with fu­ture cruise cred­its, NCLH’s earn­ings re­port noted.

Roughly 60% of guests booked on cancelled cruises are now elect­ing to take full re­funds, with Del Rio say­ing this did not rep­re­sent any ma­jor shift in con­sumer be­hav­iour.

NCLH also said it was not plan­ning to sell any of its ships, with Del Rio adding his con­fi­dence the com­pany had se­cured the re­quired liq­uid­ity to weather the on­go­ing pandemic.

Pic­tured: Nor­we­gian Sun.

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