Independent journal on economy and transport policy
12:23 GMT+1
This page has been automatically translated by Original news
The horrible quarter of the cruise group Norwegian Cruise Line Holdings
Zero passengers and almost zero revenues as well
August 6, 2020
So far, in short, we are sailing on sight and the prospects for the future are linked to the expected resumption of activities cruises, a restart that, at least in Italy, could take place according to the information on the content of the measures implementation of containment measures to prevent the spread of coronavirus presented today in the Senate by the Minister of Health, Roberto Speranza, who stated that if the rules for the pandemic containment recognized by the whole community will be shared and respected the path of reopening will continue with reference to trade fairs and cruise ships. The Minister made it clear that the idea, with the President of the Council of Ministers's next decree, 'it is to try to restart some of the activities that have so far been suspended. I think, for example -- he explained -- to the trade fairground activities, which are of great importance to the country, and cruise ships, which also represent a important piece of our country's economic world, which can but in full compliance with these rules and protocols that our technical-scientific committee has validated and put in place."
Of course, Italy is only part of the cruise market where the NCLH group operates, which to count on a rapid ascent results must be able to count on a more general cruises. Impossible to resist very long at periods like the one just passed. In the second quarter of this year, in fact, the 28 ships of the NCLH group did not host compared to 683 thousand in the corresponding period 2019. Revenues that amounted to just 16.9 million dollars, down -99.0% from 1.66 million billions of dollars totaled in the second quarter of last year Year. And, of course, in the second quarter of 2020 the group cruises couldn't zero the costs that anyway went down 68.5% remaining high, however, as it amounted to 301.6 million dollars. Operating income and net profit were both negative and equal to -595.4 million and -715.2 million dollars compared to positive sign for 308.7 million and 240.2 million dollars in the April-June period last year.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
So far, in short, we are sailing on sight and the prospects for the future are linked to the expected resumption of activities cruises, a restart that, at least in Italy, could take place according to the information on the content of the measures implementation of containment measures to prevent the spread of coronavirus presented today in the Senate by the Minister of Health, Roberto Speranza, who stated that if the rules for the pandemic containment recognized by the whole community will be shared and respected the path of reopening will continue with reference to trade fairs and cruise ships. The Minister made it clear that the idea, with the President of the Council of Ministers's next decree, 'it is to try to restart some of the activities that have so far been suspended. I think, for example -- he explained -- to the trade fairground activities, which are of great importance to the country, and cruise ships, which also represent a important piece of our country's economic world, which can but in full compliance with these rules and protocols that our technical-scientific committee has validated and put in place."
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
