Independent journal on economy and transport policy
12:37 GMT+1
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The NCLH cruise group closed the first quarter with an unprecedented net loss, higher than revenues
Turnover fell by -11.2% and net negative economic result amounted to -1.88 billion dollars
May 14, 2020
In the first quarter of 2020, the period in which ships operated by the group's three brands hosted 500,000 passengers with a down -22.5%, NCLH's revenues totaled 1.25 billion dollars (-11.2%), of which 840.8 million were generated from the sale cruises (-13.6%) 406.1 million from sales on board ships (-5.6%). Increased operating costs due to the increase in operating costs mainly the suspension of cruises, which have 994.3 million dollars, or 20.3%. Increasing the number of expenses also increased the cost of fuel which rose from 461 dollars/tonne in the first quarter of 2019 at 614 dollars/tonne in the first three months of 2020, a rise that has fuel costs totalling 125.0 million registered in this year's first quarterly budget. EBITDA and operating profit were both a sign -1.62 billion and -1.82 billion, respectively, respectively. dollar vs. positive results of 327.6 million and 158.3 million dollars in the first quarter of last year.
NCLH Chairman and CEO Frank Del Rio recalled that to strengthen the financial position of the in response to the impact of the pandemic in recent weeks capital increases totalling 2.4 million billions of dollars.
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In the first quarter of 2020, the period in which ships operated by the group's three brands hosted 500,000 passengers with a down -22.5%, NCLH's revenues totaled 1.25 billion dollars (-11.2%), of which 840.8 million were generated from the sale cruises (-13.6%) 406.1 million from sales on board ships (-5.6%). Increased operating costs due to the increase in operating costs mainly the suspension of cruises, which have 994.3 million dollars, or 20.3%. Increasing the number of expenses also increased the cost of fuel which rose from 461 dollars/tonne in the first quarter of 2019 at 614 dollars/tonne in the first three months of 2020, a rise that has fuel costs totalling 125.0 million registered in this year's first quarterly budget. EBITDA and operating profit were both a sign -1.62 billion and -1.82 billion, respectively, respectively. dollar vs. positive results of 327.6 million and 158.3 million dollars in the first quarter of last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
