UPNYGuy Posted May 5, 2020 #1 Share Posted May 5, 2020 (edited) Active thread on the NCL forum. Looks like NCL is in worse financial shape than possibly thought. This hit CNBC. https://www.cnbc.com/2020/05/05/norwegian-cruise-line-says-theres-substantial-doubt-about-its-ability-to-continue-as-a-going-concern.html some of this might be journalistic sensationalism, but this might not be far off base. ********** There is a very active thread on Norwegian board if you want to discuss this! Edited May 5, 2020 by Host Carolyn 1 Link to comment Share on other sites More sharing options...
Shynook11 Posted May 5, 2020 #2 Share Posted May 5, 2020 This is exactly why I filed a credit dispute for a refund. 1 Link to comment Share on other sites More sharing options...
jas1178 Posted May 5, 2020 #3 Share Posted May 5, 2020 While not CCL, it would be very bad for the industry if anyone fails at this point. Link to comment Share on other sites More sharing options...
Trueblueky Posted May 5, 2020 #4 Share Posted May 5, 2020 Would it be a surprise if a cruise corporation went out of business? Or if CCL reduced the number of ships or brands? 1 Link to comment Share on other sites More sharing options...
pe4all Posted May 6, 2020 #5 Share Posted May 6, 2020 Saw this on news this a.m. DH thinks that if they do "go out" another line will buy them up. With our economics being in such turmoil right now who knows what will happen in the next few months. No sailings = no business = no income. Don't know how deep the cruise line pockets are to keep up the expenses of running cruise ships without any passengers, paying dock fees, salaries of those still working, etc. Link to comment Share on other sites More sharing options...
Joebucks Posted May 6, 2020 #6 Share Posted May 6, 2020 14 hours ago, Shynook11 said: This is exactly why I filed a credit dispute for a refund. I can't imagine why NCL is in trouble. Forced to halt all operations. Scapegoat of all problems. Customers whos cash flow is more important. 1 Link to comment Share on other sites More sharing options...
Rare Honolulu Blue Posted May 6, 2020 #7 Share Posted May 6, 2020 14 hours ago, Trueblueky said: Would it be a surprise if a cruise corporation went out of business? Or if CCL reduced the number of ships or brands? I wouldn't be surprised by any of it. 1 hour ago, pe4all said: Saw this on news this a.m. DH thinks that if they do "go out" another line will buy them up. With our economics being in such turmoil right now who knows what will happen in the next few months. No sailings = no business = no income. Don't know how deep the cruise line pockets are to keep up the expenses of running cruise ships without any passengers, paying dock fees, salaries of those still working, etc. The big three publicly held cruise lines (NCLH, RCL, CCL) are suspected to be holding enough cash to be able to survive for about a year with very limited revenue. They're all still looking for the green stuff. I think they'll all be OK until the end of this year; if they still can't cruise by New Year's Day, then all bets are off. Link to comment Share on other sites More sharing options...
ladylyn915 Posted May 6, 2020 #8 Share Posted May 6, 2020 Just saw this online. https://www.travelweekly.com/Cruise-Travel/NCL-Holdings-raising-more-than-2-billion Lyn Link to comment Share on other sites More sharing options...
ProgRockCruiser Posted May 6, 2020 #9 Share Posted May 6, 2020 Hmm. Weird that NCL would sound the alarms about future viability, only to secure financing the next day or so. Wonder if it was a "shake the tree" false alarm to get someone to finally budge. I had been contemplating whether CCL Corp might try to scoop up NCL if there was an opportunity to do so. Moot point now, perhaps. 1 Link to comment Share on other sites More sharing options...
Bookbug53 Posted May 6, 2020 #10 Share Posted May 6, 2020 "Norwegian also announcing a series of financial transactions that if completed would provide enough liquidity to fund operations even if its cruises remain suspended for over 12 months." We should just stop playing the 'what if' games and see where they are 12 months from now. Not my cruise line of choice anyway. Link to comment Share on other sites More sharing options...
Host Carolyn Posted May 6, 2020 #11 Share Posted May 6, 2020 Link above to discussion on NCL board Link to comment Share on other sites More sharing options...
jakeT Posted May 6, 2020 #12 Share Posted May 6, 2020 (edited) When you pay your money the cruise line as airlines used that money that week. Knowing that money will always be coming in. With no sailing, no one is buying cruises. So no money is coming in. I love cruising but I will have to see How the first cruises go before I will be committing to go cruising. what Entertainment being offered, how food is being handled. Can’t wear a mask in a pool Ect.ect. Edited May 6, 2020 by jakeT Link to comment Share on other sites More sharing options...
MagnoliaBlossom Posted May 6, 2020 #13 Share Posted May 6, 2020 If you go to the NCL board you can read that this morning it was announced that they secured an additional huge amount of cash that they say will carry them through 12 months at least.76 past cruisesUpcoming:CCL Dream 8/22/2020. Western Caribbean NCL Breakaway 1/10/2021 Western CaribbeanCCL Dream 5/16/2021 Western CaribbeanNCL Star 6/27/2021 - Scotland, Norway & Iceland Link to comment Share on other sites More sharing options...
Bowman1 Posted May 7, 2020 #14 Share Posted May 7, 2020 While chapter 11 bankruptcy may happen, I do not see one of the 3 major lines going out of business (it is just a matter of weathering the storm) If the pause in sailings continues long term, the cruise lines will probably look to diversify into cargo transport or other marine markets as necessary to generate revenue Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now