The world's third-largest cruise operator, which operates under the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, had announced that it might not make it through the year.
The world's third-largest cruise operator, which operates under the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, had announced that it might not make it through the year.
All the cruise lines have been shut down since March and some are announcing a recovery not before July 2020, i.e. a four-month shortfall. In addition to the shutdowns, the epidemics that broke out on several ships have tarnished the image of cruises, highlighting the proximity of passengers on these floating giants.
The company saw its shares lose more than 80% of their value this year, with a 14% drop on May 5 at the beginning of the session when it launched a $1.6 billion share offer to fill its coffers.
The group's financial situation is such that it feared it would not be able to obtain the financing needed to maintain its activity. However, the group managed to raise $2 billion, thus safeguarding its activity for 2020 even if it were not to resume traffic before next year.
