Posted on 09/25/2020 2:07:21 PM PDT by Capt. Tom
At the onset of the pandemic, many investors wrote the cruise ship industry off for good but some operators like Norwegian Cruise Line (NYSE:NCLH) are looking to climb back on board. Companies in the industry faced an existential crisis this year with ships harbored at the port for months on end, customers demanding refunds and lawsuits costs piling up during a period of high uncertainty. This pushed Norwegian Cruise Line stock to new lows.
On March 14, the Centers for Disease Control and Prevention (CDC) issued a no-sail order for all cruise ships stating that it was one of the key areas for the spread of the virus. But with the order set to expire on Sept. 30, ...
Like many of its peers in the travel and leisure sector, Norwegian Cruise Line, a company worth over $5 billion saw its revenue drop by 80% this year. Its year-to-date revenue stands at just $1.3 billion compared to $6.46 billion in 2019. As the rest of the world approaches a new normal, the future of Norwegian Cruise Line still remains a burning question.
The bad PR, coupled with zero revenue, put operators like Norwegian Cruise Lines in a bad position. The cruise operator entered the year on a bright note and hoped to hit record revenue and earnings for the year. But once the pandemic spread across the globe, it soon became a distant dream.
Norwegian Cruise Line, which is smaller than Royal Caribbean (NYSE:RCL) and Carnival Cruises Corp (NYSE:CCL), may face the longest road to recovery.
Norwegian Cruise Line may have seen zero bookings this year but the company hoped to make a comeback in 2021. However, with a second wave of cases creeping its ways across the globe, the predictions now seem overly optimistic.
(Excerpt) Read more at investorplace.com ...
Screw em. Bought an RV. No masks, fun times.
I’m all about road trips. RV is definitely a consideration.
If you were going to recommend a first time cruise for someone who would you go with? NOT a family cruise! Thanks in advance.
NCL got themselves in the soup when they got caught deceiving customers in March 2020. Click link below.-Tom
Try a 1 week cruise. If you are an ancient mariner like myself -try Royal Caribbean. If you are under 55 try any of the Carnival ships.
If you go in the Winter, snowstorms can affect your transportation. Decide if you want to get travel Insurance.
Also you might consider staying at a hotel the day before the trip, if you have to fly to the ship.
Try not to bring to much clothing. Go on the internet as now they have all kinds of advice on Insurance and packing tips.
Make sure when you get to the ship you have your passport and ship documents to get you onboard.
Try to get a balcony cabin that won't be noisy from a restaurant, casino or night club, near you or above you.
As far as shore excursions that would be an individual choice , it can vary from scuba diving to sitting at a local bar.
I'm sure Freepers with plenty of cruise experience will chime in and help you. But they should have the questions below answered.
Where are you located, approx. age and when and where would you be going? -Tom
The federal government should buy out the cruise lines and nationalize them. Then when the crisis ends, sell our share and make a profit for the Treasury.
Methinks that only part of the story is being told here. Big surprise given many outlets leave out important details.
NCL will survive at this stage as a large cash infusion occurred early this summer. Given that the CDC released the COVID survival rates yesterday (https://www.outkick.com/coronavirus-survival-rate-near-100-for-most-americans/), I expect when the No Sail Order expires next week, NCL and the others will be off to the races.
Well it’s not far down to paradise....
https://www.youtube.com/watch?v=MEO6gYCFbr0
Thank you so much for your valuable insight. I really appreciate it.
We should get the CDC no-sail answer any day now.
Carnival and Royal Caribbean are better off economically than Norwegian, and can survive a further delay by the CDC.
A further delay might force Norwegian Cruise line creditors to do some re-evaluating and force a bankruptcy on NCL depending on the no-sail order , if one does become a reality. -Tom
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