Norwegian Cruise Line warns coronavirus having 'adverse impact'

$1.1 billion Norwegian cruise in New York City port, 10 more on order: Norwegian CEO

Norwegian Cruise Line Holdings CEO Frank Del Rio discusses the largest ship in his company’s fleet now in port in New York City and the range of amenities and luxuries on board.

Norwegian Cruise Line Holdings reported better-than-expected fourth-quarter results on Thursday and warned the coronavirus outbreak will dent its bottom line.

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The Miami-based cruise operator posted a quarterly profit of $121.3 million, or 56 cents a share, down 21.5 percent from a year ago. Revenue rose 7.2 percent to $1.5 billion, beating the $1.43 billion that analysts surveyed by Refintiv were expecting.

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“As a result of the strong global demand for cruises witnessed throughout 2019, we entered 2020 in the best booked position and at prices higher than last year’s record levels,” CEO Frank Del Rio said in a statement. “This trend continued through late January until the COVID-19 outbreak began having an adverse impact on our business.”

Norwegian said the coronavirus outbreak’s known direct impact on full-year 2020 adjusted earnings is 75 cents a share. That includes customer compensation and 40 canceled, modified or redeployed Asia voyages.

This story is developing. Check back for updates.

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