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Norwegian Cruise Line posts $715 mln quarterly loss on…

Aug 6 – Norwegian Cruise Line Holdings Ltd reported a quarterly loss of $715 million on Thursday as the COVID-19 pandemic grounded the industry to a halt, with cruise operators months away from resuming sailings.

The company reported a net loss of $715.2 million, or $2.99 per share, for the second quarter ended June 30 from a profit of $240.2 million, or $1.11 per share, a year earlier.

The company also said it had $1.2 billion of advanced ticket sales as of the end of the quarter, but said volumes were still below historical levels.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D’Silva)

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