Norwegian cruise line holdings reports q1 2020 financial results

Norwegian cruise line holdings reports first quarter 2020 financial results.q1 gaap loss per share $8.80.q1 earnings per share estimate $-0.50 -- refinitiv ibes data.non-cash goodwill and tradenames impairment of $1.6 billion resulted in a q1 2020 net loss of $(1.9) billion.well-positioned to withstand over 18 months of voyage suspensions.2020 started off strong and was expected to be another record year.all three of company's brands entered year in a record booked position.for first two months of year, ships sailed full at prices that were higher than prior year.qtrly gross yield increased 1.6% primarily due to increased onboard spending..continues to be demand for cruise vacations particularly beginning in q4 2020 accelerating through 2021.expects to report a net loss on both a u.s. gaap & adjusted basis for q2 and year ending december 31, 2020.qtrly net yield decreased 12.3% on an as reported basis.not providing capital expenditure guidance for 2021 and 2022 at this time.norwegian cruise line - as of may 11, slightly over half of guests who have had their voyages cancelled have requested cash refunds.norwegian cruise line - as of march 31, co had $1.8 billion of advanced ticket sales, including long-term portion.norwegian cruise line - qtrly adjusted net cruise cost excluding fuel per capacity day increased 26.1% on a constant currency basis.norwegian cruise line - continues to take future bookings for 2020, 2021 and 2022.
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