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 Holdings today announced additional voyages as part of its U.S. voyage resumption plan.
According to a press release, Norwegian Cruise Line plans to set sail beginning summer 2021 with voyages from New York, Los Angeles, Port Canaveral and Miami and the line announced that the Norwegian Encore will debut in Alaska this summer in place of Norwegian Bliss.
Voyages expected to operate in the U.S. are contingent on obtaining a Conditional Sailing Certificate from the U.S. Centers for Disease Control and Prevention, the company said. All initial voyages will operate with fully vaccinated guests and crew.
“I am pleased to continue our Great Cruise Comeback with plans already announced for 23 of our 28 ships across our three brands beginning in July 2021 and phasing in through early 2022,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.
“We want to thank Governor DeSantis and the State of Florida for fighting in support of our industry. His leadership helped bring the CDC to the table. We are currently in communication with his staff and legal counsel to ensure that we can offer the safest cruise experience for our passengers departing from the cruise capital of the world.”
Deployment Moves:
• Norwegian Gem will cruise seven-day itineraries to the Caribbean beginning August 15, 2021, and a four-day voyage to the Bahamas in November from Miami; • Additional itineraries on Norwegian Breakaway are open for sale to Bermuda starting September 26, 2021, from New York; • Norwegian Bliss will sail on October 24, 2021, to the Mexican Riviera from Los Angeles; • Norwegian Escape will sail on November 13, 2021, to the Caribbean from Port Canaveral; • In addition, the Norwegian Encore will make her debut on the West Coast, taking the place of the previously announced Norwegian Bliss for the 2021 summer Alaska cruise season. The Alaska itinerary will include visits to Juneau, Skagway, Ketchikan and Icy Strait Point, while also offering guests majestic views of Endicott Arm and Dawes Glacier or Glacier Bay.
Building up its return to service, Norwegian Cruise Line Holdings plans to have most of its fleet back in service by early 2022.
Here’s the latest, brand by brand:
First sailing: July 25, 2021 Ships: Norwegian Jade, Norwegian Bliss, Norwegian Epic, Norwegian Getaway, Norwegian Joy, Norwegian Breakaway, Pride of America, Norwegian Encore, Norwegian Escape, Norwegian Pearl, Norwegian Jewel, Norwegian Sun and Norwegian Spirit Regions: Mediterranean, Caribbean, Bermuda, Hawaii, West Coast, Bahamas, Panama Canal, Asia and Australia
According to its current plans, Norwegian Cruise Line will have 13 ships back in service by February 2022.
The first ship to resume cruising will be the Norwegian Jade, which is set to offer new itineraries from Greece starting on July 25. Later, in September, two additional vessels are entering service in Europe as the Norwegian Epic and the Norwegian Getaway resume their originally announced schedule in the Western Mediterranean.
Oceania Cruises First sailing: August 29, 2021 Ships: Marina, Riviera, Insignia and Sirena Regions: Northern Europe, Mediterranean, Caribbean and World Cruise
Norwegian’s upper premium brand, Oceania Cruises plans to reenter service in August. The company announced that it will resume cruise operations with the 1,250-guest Marina sailing in Scandinavia and Western Europe.
The vessel will resume her originally published voyage schedule, commencing on August 29, 2021, in Copenhagen.
Regent Seven Seas First sailing: September 11, 2021 Ships: Seven Seas Splendor, Seven Seas Explorer, Seven Seas Mariner, Seven Seas Navigator and Seven Seas Voyager Regions: Northern Europe, Mediterranean, Caribbean, Panama Canal and World Cruise
Regent Seven Seas Cruises announced its return to sailing with Seven Seas Splendor. The vessel will begin cruising from the UK in September, resuming its previously scheduled itineraries in Northern Europe and the Mediterranean.
While most of the ships are set to sail previously announced itineraries in Europe or the Caribbean, the Seven Seas Mariner will offer a World Cruise. The vessel is poised to sail on a published Panama Canal itinerary, before starting the 120-night itinerary on January 5, 2022.
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