Norwegian Cruise Line reported first quarter loss worse than expected, amid coronavirus crisis. However, future bookings remain solid.
The cruiseline company’s adjusted loss came in at -99 cents a share, compared to a loss of -28 cents a share expected by analysts polled by FactSet. Earnings were 83 cents a share in the year-ago quarter.
Revenue of $1.25 billion was lower than the year-ago quarter’s $1.4 billion.
But the company said that there is demand for cruise vacations, particularly beginning in the fourth quarter 2020 accelerating through 2021, and that the company’s overall booked position and pricing for 2021 within historical ranges.