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17 May 2022 The on-line newspaper devoted to the world of transports 03:02 GMT+2

May 10, 2022

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The results are still strongly negative financial of the cruise group NCLH

In the first three months of 2022 the group's ships hosted less than a third of passengers in the last corresponding period pre-pandemic

Last week Norwegian Spirit resumed the sea, the latest ship of the Norwegian Cruise Line cruise group Holdings (NCLH) to resume the activity that from March 2020, to due to mobility restrictions decided by governments world to contain the spread of the Covid-19 pandemic, yes it was progressively reduced until it stopped and then resumed very slowly to increase coinciding with the progressive easing of restrictions due to the easing of the crisis Health. At the resumption of operations, it responded to starting from the third quarter of last year an increase in however, the company's financial results remain a long way off from the performances recorded before the pandemic and so it is was also in the first quarter of 2022.

NCLH filed the first three months of this year with revenues equal to 521.9 million dollars, a value that if it represents a increase of +16,736.8% on the same period of 2021 when the group activities were almost at a standstill, constitute a decrease of -58.1% on the first quarter of the 2020 when the health crisis was just beginning and a decline in -62.8% on the first quarter of 2019 when this emergency was of the all absent. Of this year's first quarter revenue 342.4 millions of dollars are derived from the sale of cruises and 179.5 million from sales on board ships.

EBITDA, operating result and net economic result are all states of negative sign and equal respectively to -472.6 million, -688.8 million and -982.7 million dollars compared to also negative results in the first quarter of 2021 and equal to -373.7 million, -571.3 million and -1.37 billion dollars. To make a comparison with the pre-pandemic results, in the first quarter of 2019 these items in the income statement were all of a positive sign of EUR 327.6 million, EUR 158.3 million and EUR 118.2 million of dollars.

In the first quarter of 2022, the group's fleet, consisting of 28 ships operated through Norwegian Cruise Line, Oceania brands Cruises and Regent Seven Seas Cruises, hosted 191 thousand passengers, while in the same period last year the ships were at a standstill, in the corresponding period of 2020, when the crisis health had just begun, they had hosted 500 thousand and in the first three months of 2019 had come on board altogether 645 thousand passengers.

Commenting on the results of the first quarter of this year, the President and CEO of NCLH, Frank Del Rio, explained that encouraging data come from bookings, with volumes of bookings that - he specified - "are not returned only to pre-Omicron levels, but which now approach the historical levels despite a temporary halt due to the conflict Russia-Ukraine'. The Group pointed out that the effects of the conflict resulted in the deletion or modification of about 60 cruises scheduled during 2022, variations that include all cruises with stopovers at the ports of Russia.

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