Norwegian Cruise Line Holdings Reports Fourth Quarter and Full Year 2020 Financial Results and Provides Business Update

Revenue decreased 80.2% to USD 1.3 billion compared to USD 6.5 billion in 2019. The adverse impact on revenue was due to the cancellation of the vast majority of sailings in 2020 as a result of the COVID-19 pandemic, which resulted in a 78.6% decrease in Capacity Days.
GAAP net loss was USD (4.0) billion compared to net income of USD 930.2 million in the prior year. The Company reported Adjusted Net Loss of USD (2.2) billion in 2020. This compares to Adjusted Net Income and Adjusted EPS of USD 1.1 billion in 2019.

“While 2020 has been without a doubt the most challenging year in the Company’s 50 plus year history, our team responded to the unprecedented environment with swift and decisive action. Our Company demonstrated once again its adaptability and resiliency, underscored by the unwavering commitment and dedication from our team members across the globe,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “Looking ahead, we are encouraged by the accelerating rollout of vaccines, the progress towards herd immunity and the strong demand for future cruise vacations.”

Full report here http://www.nclhltdinvestor.com/news-releases/news-release-details/norwegian-cruise-line-holdings-reports-fourth-quarter-and-full-1

feb 26 2021