Tag: ocean cruises updates
Will cruises become a thing of the past? Norwegian, Carnival and Royal Caribbean face awkward future
Norwegian Cruise Line, the world’s third-largest cruise operator, has warned there is “substantial doubt” that it will be able to continue in the industry, following the severe impact of the corona virus pandemic on travel. The company, which is listed on the New York stock market, said: “Covid-19 has had, and is expected to continue to have, a significant impact on our financial condition and operations, which adversely affects our ability to obtain acceptable financing.” In a filing with the US Securities and Exchange Commission (SEC), Norwegian said the difficulties it had experienced arranging emergency funding had “raised substantial doubt ... Read more