Norwegian Cruise Line Posts Massive Loss

Photo by Alonso Reyes/Unsplash
Photo by Alonso Reyes/Unsplash

Massive Loss Announced by Norwegian Cruise Line

Publisert

Norwegian Cruise Line Holdings, as a result of the pandemic, reported a larger quarterly loss on Aug 6.

Due to an unprecedented and lengthy suspension by US health officials, cruise operators were forced to raise billions of dollars to stay afloat. Some companies even pledged their ships and private islands as collateral to do so.

Since lengthy talks with CDC, cruise lines have again started sailing from U.S. ports with mostly vaccinated passengers and crew.

The second quarter net loss widened to $717.8 million, from $715.2 million loss in the prior year.

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