Norwegian cruise line withdraws full-year 2020 guidance

Norwegian cruise line holdings ltd. provides business update.norwegian cruise line holdings ltd - company withdraws q1 and full year 2020 guidance.norwegian cruise line - voyage suspension extended for norwegian cruise line, oceania cruises and regent seven seas cruises through june 30, 2020.norwegian cruise line - as of april 17, advanced bookings for remainder of 2020 were lower than prior year with pricing down low-single digits.norwegian cruise line - continues to take future bookings for 2020, 2021 and 2022, and receive new customer deposits and final payments on bookings.norwegian cruise line - now estimates its cash burn to be on average in range of, about $110 million to $150 million per month during suspension of operations.norwegian cruise line holdings ltd - currently evaluating several additional strategies to enhance its liquidity position.norwegian cruise line - export credit agencies & co's eca lenders are working to finalize an industrywide initiative to grant a 12-month debt holiday.norwegian cruise line - expects to report a net loss on both a u.s. gaap and adjusted basis for quarter ended march 31, and year ending dec 31, 2020.norwegian cruise line holdings ltd - has approximately $540 million of eca-backed amortization payments due over next 12-months.norwegian cruise line - at march 31, cash and cash equivalents were $1.4 billion and co believes it was in compliance with all debt covenants.
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