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Mar 31, 2021
Norwegian Cruise Line Q1 2021 Earnings Report
Reported financial results for the first quarter ended March 31, 2021 and provided a business update.
Key Takeaways
Norwegian Cruise Line Holdings reported a GAAP net loss of $(1.4) billion or EPS of $(4.16). Revenue decreased to $3.1 million due to the complete suspension of voyages in the quarter. As of March 31, 2021, the Company’s cash and cash equivalents was $3.5 billion.
Announced Great Cruise Comeback program beginning with voyages originating from international ports.
Teams have worked to develop SailSAFETM health and safety program, which combines mandatory vaccination of all guests and crew with rigorous preventative measures including universal COVID-19 testing.
Engaging in dialogue with the U.S. Centers for Disease Control and Prevention regarding the resumption of cruises from the U.S.
Overall bookings, net of cancellations, were more than double the volumes during the prior quarter.
Forward Guidance
The Company cannot estimate the impact on its business, financial condition or near- or longer-term financial or operational results with certainty, it will report a net loss for the second quarter ending June 30, 2021 and expects to report a net loss until the Company is able to resume regular voyages.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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