Finance 2018-03-01T10:04:38+00:00


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Saga ready for the upturn

Saga plc reported a loss before tax of £61.2 mill for 2020, which reflected a £59.8 mill impairment charge of travel goodwill in the first half of last year. The group claimed a strong liquidity position, with total [Read more...]

April 13th, 2021|

Carnival reduces cash burn

Carnival Corp has reported a US GAAP and an adjusted net loss of $2 bill each for the first quarter of this year. At the end of the quarter, Carnival said it had $11.5 bill in cash and [Read more...]

April 13th, 2021|

Brittany Ferries prepares for the future

In a year dominated by the Covid crisis and amid on-going Brexit concerns, Brittany Ferries’ 2020 passenger numbers fell to less than a third of normal levels, the company said. Freight fared slightly better, with figures down by [Read more...]

March 26th, 2021|

NCLH raises $150 mill

In connection with its previously announced underwritten public offering in Norwegian Cruise Line Holdings (NCLH), the underwriter has fully exercised its option to purchase an additional 5 mill ordinary shares at $30 per share. The issuance and sale of [Read more...]

March 26th, 2021|

Hurtigruten shores up liquidity

Norwegian Group Hurtigruten reported a significant fall in its 2020 revenues to €269 mill, compared to €609 mill for the previous year. Fourth quarter 2020 revenues were €38.4 mill, against €128 mill in 4Q19. EBITDA was a negative [Read more...]

March 12th, 2021|

Fincantieri incurs substantial loss

Cruise ship builder Fincantieri suffered a revenue fall to €5,191 mill last year, down 11% when compared to the 2019 revenues of €5,849 mill. Revenues were negatively impacted by COVID-19, resulting in a fall of 3.2 mill in production [Read more...]

March 12th, 2021|

NCLH’s underwritten public offering

Norwegian Cruise Line Holdings (NCLH) has commenced an underwritten public offering of 47,577,947 ordinary shares. NCLH said that it intended to grant the underwriter an option to purchase up to 5 mill additional ordinary shares. The net proceeds [Read more...]

March 12th, 2021|