Norwegian cruise ship docking

A member of port personnel coordinates the docking of Norwegian mega cruise ship 'Viking Venus' carrying first passengers to Montenegro since the start of the coronavirus disease (COVID-19) pandemic, in Kotor, Montenegro July 17, 2021. REUTERS/Stevo Vasiljevic

Cruise Line Restart Costs Are Higher Than Expected

Reuters
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November 3, 2021

by Praveen Paramasivam (Reuters) Norwegian Cruise Line Holdings reported a bigger quarterly loss on Wednesday, as the cruise operator spent heavily to prepare its ships that remained anchored without passengers for months for voyages again.

Cruise operators resumed sailing with guests from U.S. ports again in late June at lower capacity, but a spike in COVID-19 infections and some onboard cases have raised worries about the industry’s near-term fortunes.

The company’s net loss widened to $845.9 million in the third quarter ended Sept. 30, from $677.4 million a year earlier.

Still, Norwegian Cruise said overall cumulative booked position for 2022 is in line with pre-pandemic record levels at higher pricing, adding it expected to be profitable in the second half of next year.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Maju Samuel, Reuters)

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