This is why Norwegian Cruise Line (NCLH) is a strong buy
Norwegian Cruise Line continues to climb, here is why:
- Recently, Norwegian Cruise Line released a business update that highlighted what it’s done to reduce costs.
- The company’s management said that operating expenses during suspended operations would be about $70 million to $110 million per month.
- Norwegian Cruise Line has also identified $345 million of capital expenditure reductions for 2020, a total of $515 million through March 31, 2021.
- The company reported it has plenty of liquid cash to make it through the current crisis, given that cash on the balance sheet was $1.4 billion as of March 31, 2020.
About Norwegian Cruise Line
Norwegian Cruise Line Holdings Ltd. engages in cruise business. It provides cruise experiences for travelers with itineraries in North America, Mediterranean, Baltic, Central America, Bermuda and Caribbean. It also offers an entirely inter-island itinerary in Hawaii.