Cruise operators including Norwegian Cruise and rivals Carnival Corp and Royal Caribbean Cruises have been among the worst hit, as their ships remain docked at ports and the crisis brings global travel to a virtual standstill.“COVID-19 has had, and is expected to continue to have, a significant impact on our financial condition and operations, which adversely affects our ability to obtain acceptable financing to fund resulting reductions in cash from operations,” Norwegian Cruise Line said.
The Miami-based company said it does not have sufficient liquidity to meet its obligations over the next twelve months. It has already warned of a quarterly loss, withdrawn its forecast and suspended all voyages through the end of June due to the crisis. The company has hired investment bank Goldman Sachs to explore financing options that could include the sale of a stake in the company, Reuters reported last month.
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globebusiness Get these polluting smokes stacks out of the seas!
globebusiness Let's have these cruise lines crash, full-stop.
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