Norwegian Cruise Line Holdings Ltd. Announces Extension of Voluntary Suspension of Voyages
March 30 2020 - 4:30PM
Norwegian Cruise Line Holdings Ltd. (“Norwegian” or “the Company”)
(NYSE: NCLH), a leading global cruise company which operates the
Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas
Cruises brands, today announced an extension of its previously
announced voluntary suspension of all cruise voyages to include
voyages embarking between April 12 and May 10, 2020 for its three
cruise brands. The extended suspension contributes to the global
efforts to contain the spread of COVID-19, which has also resulted
in travel restrictions and continued uncertainty regarding
worldwide port closures and availability.
“With COVID-19 continuing to have a significant
impact on communities throughout the world, we are extending our
temporary suspension of cruise voyages across our three brands
through May 10th,” said Frank Del Rio, president and chief
executive officer of Norwegian Cruise Line Holdings Ltd. “While we
understand this disruption may inconvenience our loyal guests and
valued travel partners, we are committed first and foremost to
protecting the safety, security and well-being of our guests, crew,
and the communities we visit. We appreciate their continued
understanding as we navigate through these unprecedented times and
do our part to help global efforts to contain this pandemic.”
Guests who are currently booked on voyages with
embarkation dates between March 13 and May 10, 2020 on Norwegian
Cruise Line, Oceania Cruises or Regent Seven Seas Cruises are asked
to contact their travel agent or the cruise line for more
information.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises
brands. With a combined fleet of 28 ships with approximately
59,150 berths, these brands offer itineraries to more than 490
destinations worldwide. The Company will introduce nine additional
ships through 2027.
Cautionary Statement
Concerning Forward-Looking Statements
Certain statements in this release constitute
forward-looking statements within the meaning of the U.S. federal
securities laws intended to qualify for the safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. All statements other than statements of historical
facts contained in this release, including but not limited to those
regarding our voluntary suspension and operational position , are
forward-looking statements. Many, but not all, of these statements
can be found by looking for words like "expect," "anticipate,"
"goal," "project," "plan," "believe," "seek," "will," "may,"
"forecast," "estimate," "intend," "future," and similar words.
Forward-looking statements do not guarantee future performance and
may involve risks, uncertainties and other factors which could
cause our actual results, performance or achievements to differ
materially from the future results, performance or achievements
expressed or implied in those forward-looking statements. Examples
of these risks, uncertainties and other factors include, but are
not limited to the impact of: adverse events impacting the security
of travel, such as terrorist acts, armed conflict and threats
thereof, acts of piracy, and other international events; adverse
incidents involving cruise ships; adverse general economic and
related factors, such as fluctuating or increasing levels of
unemployment, underemployment and the volatility of fuel prices,
declines in the securities and real estate markets, and perceptions
of these conditions that decrease the level of disposable income of
consumers or consumer confidence; the spread of epidemics and viral
outbreaks, including the continued known and unknown impacts of
COVID-19 on our business and the economy generally; breaches in
data security or other disturbances to our information technology
and other networks or our actual or perceived failure to comply
with requirements regarding data privacy and protection; changes in
fuel prices and the type of fuel we are permitted to use and/or
other cruise operating costs; mechanical malfunctions and repairs,
delays in our shipbuilding program, maintenance and refurbishments
and the consolidation of qualified shipyard facilities; the risks
and increased costs associated with operating internationally;
fluctuations in foreign currency exchange rates; the unavailability
of ports of call; overcapacity in key markets or globally; our
expansion into and investments in new markets; our inability to
obtain adequate insurance coverage; our indebtedness and
restrictions in the agreements governing our indebtedness that
limit our flexibility in operating our business, including the
significant portion of assets that are collateral under these
agreements; pending or threatened litigation, investigations and
enforcement actions; volatility and disruptions in the global
credit and financial markets, which may adversely affect our
ability to borrow and could increase our counterparty credit risks,
including those under our credit facilities, derivatives,
contingent obligations, insurance contracts and new ship progress
payment guarantees; our inability to recruit or retain qualified
personnel or the loss of key personnel or employee relations
issues; our reliance on third parties to provide hotel management
services for certain ships and certain other services; future
increases in the price of, or major changes or reduction in,
commercial airline services; our inability to keep pace with
developments in technology; changes involving the tax and
environmental regulatory regimes in which we operate; and other
factors set forth under "Risk Factors" in our most recently filed
Annual Report on Form 10-K and subsequent filings by the Company
with the Securities and Exchange Commission. The above examples are
not exhaustive and new risks emerge from time to time. Such
forward-looking statements are based on our current beliefs,
assumptions, expectations, estimates and projections regarding our
present and future business strategies and the environment in which
we expect to operate in the future. These forward-looking
statements speak only as of the date made. We expressly disclaim
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement contained herein to
reflect any change in our expectations with regard thereto or any
change of events, conditions or circumstances on which any such
statement was based, except as required by law.
Investor Relations & Media Contact
Andrea DeMarco(305) 468-2339InvestorRelations@nclcorp.com
Jessica John(786) 913-2902
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