Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

Norwegian Cruise Line (NCL) debuted the fourth episode of its docuseries 'EMBARK – The Series' on September 8, 2021, showcasing the return of Norwegian Jade after a 500-day pause due to the pandemic. The episode celebrates the emotional reunions of crew members and preparations for welcoming guests back. NCL resumed operations on July 25, 2021, with the Jade's seven-day Greek Isles itinerary. The company's SailSAFE™ health protocols mandate full vaccinations for guests and crew through December 31, 2021.

Oceania Cruises has announced the inaugural season of its newest ship, Vista, featuring 18 voyages starting in April 2023. These journeys will span 24 countries across four continents, including destinations such as Venice, Istanbul, and the Greek Isles. The maiden voyage will sail from Rome to Barcelona on April 14, 2023. Designed for immersive experiences, Vista boasts 12 dining options and luxury accommodations, with a capacity of 1,200 guests and 800 crew members. Bookings will open on September 15, 2021.

Norwegian Cruise Line (NCL) announced a major milestone with the float out of its new ship, Norwegian Prima, from the Fincantieri shipyard in Marghera, Italy, on August 11, 2021. This event marks the first time the vessel has touched water. Norwegian Prima is the first of six ships in the new Prima Class, designed to prioritize guest experience with spacious accommodations and multiple dining options. The ship will begin sailing itineraries in summer 2022, offering routes across Northern Europe and transatlantic crossings.

Norwegian Cruise Line Holdings (NCLH) has announced a partnership with Miami-Dade County to make its new Cruise Terminal B "Shore-Power Ready" by fall 2023. This terminal, known as the Pearl of Miami, will accommodate vessels carrying up to 5,000 passengers and has been built to LEED Gold standards. The company aims for carbon neutrality through initiatives like Sail & Sustain and plans to offset three million metric tons of carbon emissions. This move positions PortMiami as a leader in sustainability in the cruise industry.

Oceania Cruises announced the debut of its newest ship, Vista, set to launch in early 2023, revealing an impressive array of twelve dining venues, four of which are exclusive to the ship. Among the new offerings are Ember, featuring inventive American cuisine, and Aquamar Kitchen, focused on wellness with healthy dishes. The Grand Dining Room enhances the culinary experience with daily changing menus. Additional venues include Red Ginger, Polo Grill, and Toscana. This initiative aims to elevate the dining experience for onboard guests, emphasizing culinary diversity and creativity.

Norwegian Cruise Line Holdings (NYSE: NCLH) has secured a favorable preliminary injunction from Judge Williams, allowing the company to require proof of COVID-19 vaccination for all guests and crew before sailing from Florida. This ruling supports their goal of maintaining a 100% vaccination rate for health and safety amidst the ongoing pandemic. The first sailing from Florida is scheduled for August 15, 2021, on Norwegian Gem, departing from Miami. The company emphasizes its commitment to rigorous health protocols as it gradually resumes operations.

Norwegian Cruise Line Holdings reported its Q2 2021 results, revealing a GAAP net loss of $(717.8) million, or EPS of $(1.94), marginally worse than $(715.2) million from Q2 2020. Revenue dropped to $4.4 million from $16.9 million last year. However, the company is witnessing strong pent-up demand, with bookings for 2022 significantly ahead of pre-pandemic levels. The phased return of its fleet to operations is set to reach 40% capacity by Q3 2021 and 75% by year-end. The ongoing cash burn is $200 million monthly, increasing to $285 million in Q3, while total debt stands at $12.3 billion.

Norwegian Cruise Line will host the Great Cruise Comeback Press Panel on August 6, 2021, at 1 p.m. ET to mark the debut of its newest ship, Norwegian Encore, in Seattle.

The event will feature a moderated Q&A with executives and will be live-streamed at www.greatcruisecomeback.com. Norwegian Encore begins her inaugural season of Alaska voyages on August 7, 2021, following the company's restart of cruise operations on July 25, 2021.

Norwegian Cruise Line Holdings announced the promotion of Jessica John to Vice President of Investor Relations, Corporate Communications, and ESG, effective September 1, 2021. Andrea DeMarco has been appointed Chief Sales and Marketing Officer for Regent Seven Seas Cruises. Frank Del Rio, CEO, notes their extensive experience in driving company growth, particularly during the COVID-19 pandemic. John has significantly contributed to the firm’s ESG strategy and crisis response. The company operates three cruise brands and has a fleet of 28 ships, with an additional nine ships scheduled for delivery by 2027.