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Norwegian Cruise Line Holdings Ltd. today reported financial results for the first quarter ended March 31, 2020, and provided a business update in response to the novel coronavirus (“COVID-19”) global pandemic. “In recent weeks, we have taken decisive action to significantly strengthen…
Royal Caribbean Cruises Ltd. today launched a $3.3 billion bond offering. They will use 28 ships as collateral. It’s not currently known if its 28 of the current and partially completed ships in the Royal Caribbean International fleet or 28…
First Quarter 2020 Highlights: Tour Revenues decreased 9% to $81.2 million Net loss available to common stockholders of $1.9 million Adjusted EBITDA decreased $11.5 million to $10.6 million Significantly expanded capacity with the delivery of the National Geographic Endurance in March 2020…
Royal Caribbean has recently been able to better it’s liquidity by arranging for a debt holiday from payments for its newbuilds in Germany and France. The French credit agency is applying this to the Symphony of the Seas, Celebrity Edge,…
NCLH Chart by TradingView The factors described above, in particular the suspension of cruise voyages and decline in advanced bookings, as well as debt maturities and other obligations over the next year, and the fact that management’s plan to obtain…
Carnival Corporation & plc disclosed summary financial information for the quarter ended February 29, 2020, in connection with previously disclosed financing activities to improve its liquidity position. First Quarter 2020 Summary Information U.S. GAAP net loss of $(781) million, or…
Carnival Corporation announced it’s intent to borrow approximately $3 billion over six months to increase it’s cash position. This will serve as working capitol and to be used for general expenses. (From Carnival Corp) Due to the spread and recent developments,…
UPDATE 5/1: NCLH announced that they have amended the below agreement to include the Pride of America and the Norwegian Jewel and increases the credit facility to as high as $905 million. Due to the uncertainty caused by the coronavirus,…
Royal Caribbean Cruises Ltd today announced that due to the spread and recent developments related to the COVID-19 outbreak, the company has increased its revolving credit capacity by $550 million bolstering the company’s liquidity. The company is pursuing additional actions to improve…
Full year 2019 Highlights: Lindblad Expeditions Holdings, Inc. a global provider of expedition cruises and adventure travel experiences, today reported financial results for the fourth quarter and year ended December 31, 2019. Tour revenues increased 11% to $343.1 million Net…