Tag Archives: Jade

Norwegian Cruise Line Holdings Opens Shareholder Q&A Platform

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Norwegian Cruise Line Holdings announced its new shareholder Q&A and engagement platform is now open for questions ahead of its investor and analyst event on Thursday, October 6th at 10 a.m. Eastern Time.

Starting earlier this week, all NCLH shareholders can submit and upvote questions by visiting: the NCLH Investor Event Q&A link.

The Q&A platform will remain open until October 4, at 8:00 a.m. Eastern Time.

Management will address a selection of top-ranked, appropriate, questions relating to business and financial results or strategic priorities during the upcoming event. Attendance at the live investor event is by invitation only. The event will be live streamed to all interested parties via the Company’s Investor Relations

website https://www.nclhltd.com/investors. A replay of the event, including the related slide presentations, will be available here on the Company’s website for 30 days following the event.

Norwegian Cruise Line Holdings: Cash Flow Positive in Q1 2022

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Aiming to have 75 to 80 per cent of its three brands, 28-ship fleet back in service by the end of 2021, Norwegian Cruise Line Holdings should be cash flow positive in early 2022.

“Looking ahead, based on our resumption plan, we expect to reach a crucial inflexion point with operating cash flow turning positive over the course of the first quarter of 2022,” said Mark Kempa. executive vice president and chief financial officer.

That’s only five to six months away, he said, on the company’s second-quarter earnings call.

“So we’re very pleased with the booking trends that we’ve seen. Obviously, as we restart and our ships enter service, that starts to generate that cash flywheel that we’ve been talking about. So we’re very pleased … there’s always a little bit of risk out there. But based on our measured plan, we think we have a solid game plan of returning to cash flow-positive operations.”

Later in the call, he added: “We expect to be cash-flow positive over the course of the first quarter of 2022. So when you think about that from a restart within a six-month period to be cash flow positive, we feel that’s pretty tremendous. And we’re pretty proud of that. So we look forward over the next few months of restarting our fleet.”

Norwegian Cruise Line Back in Service as Jade Sails from Athens

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Norwegian Cruise Line yesterday officially commemorated its cruise comeback with the Norwegian Jade sailing from the port of Athens and becoming the first ship in the fleet to welcome back guests after a 500-day pause.

Until November 2021, guests sailing aboard Norwegian Jade’s Greek Isles itinerary will wake up in a new destination every day, able to spend eight-to-nine hours in each port.

“Welcoming our guests and crew on board has been one of the most memorable moments of my over 30-year career,” said Harry Sommer, President and Chief Executive Officer of Norwegian Cruise Line. “We are excited to embark on the Great Cruise Comeback with a brand-new itinerary and homeport for our brand, offering our guests an even greater selection of unique vacations at sea.”

Greek Minister of Tourism Harry Theoharis added, “We are overjoyed to welcome Norwegian Jade and her guests to Greece. The planned itineraries will offer unique experiences that combine our rich history, bustling culture and famous gastronomy.”

“Norwegian Jade’s first Greek Isles voyages sold out shortly after we made the announcement that we were on our way back,” said Sommer. “With such strong demand, we are glad to expand our offering in Greece with seven ships through 2023, providing our guests with a range of innovative vessels and itineraries to choose from.”