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By Liz Moyer<\/p>\n
Investing.com — Norwegian Cruise Line Holdings Ltd’s (NYSE:NCLH) NCL Corp. subsidiary said it would record a net loss for the quarter ending in December and for the full year 2022 and it plans to sell $500 million in notes to repay some of its outstanding debt.<\/p>\n
It also expects to report a net loss<\/a> for the first quarter of 2023.<\/p>\n The cruise operator said in a Security and Exchange Commission filing that its preliminary estimate sees total revenue of $4.7 billion to $5B for the year ended in December. That compares with revenue of $648M for the 2021 year, when cruise operators were just trying to come back after pandemic-related shutdowns.<\/p>\n The filing said that as of Dec. 31, 2022, its cumulative booked position was approximately 62% for the full year 2023 at higher prices than 2019 at a similar point in time. It also said it is seeing \u201cstrong and broad-based onboard revenue generation\u201d as occupancy increases.<\/p>\n Norwegian shares fell 4.6% on Thursday. Shares of other cruise operators were also falling, including Carnival Corporation (NYSE:CCL), down 3.2%, and Royal Caribbean Cruises Ltd (NYSE:RCL), down 2.4%.<\/p>\n Norwegian said it has cash and cash equivalents of $1B and a $1B undrawn commitment minus related fees as of the end of 2022 compared with cash, cash equivalents and short-term investments of $1.7B and a $1B undrawn commitment at the end of 2021.<\/p>\n \u201cWe continue to prioritize enhancing liquidity and financial flexibility in the current environment while seeking opportunities to optimize our balance sheet,\u201d the company said in the filing.<\/p>\n Related Articles<\/p>\n Norwegian to sell $500 million notes to pay down debt; forecasts net loss<\/a><\/p>\n JP Morgan board keeps CEO Dimon’s 2022 pay unchanged at $34.5 million<\/a><\/p>\n Rite Aid to dispense abortion pill in a limited number of stores<\/a><\/p>\n<\/div>\n\n By Liz Moyer Investing.com — Norwegian Cruise Line Holdings Ltd’s (NYSE:NCLH) NCL Corp. subsidiary said it would record a net loss for the quarter ending in December and for the full year 2022 and it plans to sell $500 million in notes to repay some of its outstanding debt. It also expects to report a …<\/p>\n","protected":false},"author":1,"featured_media":45239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/45238"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=45238"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/45238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/45239"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=45238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=45238"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=45238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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