Norwegian Cruise Lines posts wider loss, sees business uptick ahead

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Norwegian Cruise Line Holdings Ltd.
NCLH,
-0.89%

on Wednesday said its third-quarter loss widened to $845.9 million – or negative $2.29 a share – from a loss of $677.4 million or $2.50 a share, in the year-ago period. Adjusted net loss narrowed to $2.17 a share from $2.35 a share. Revenue increased to $153.1 million from $6.5 million as cruise voyages resumed in the quarter. Analysts expected a loss of $2.03 a share and sales of $246.6 million, according to a FactSet Survey. Norwegian Cruise Lines expects to report a net loss for the fourth quarter and full year as a result of the COVID-19 pandemic. Analysts are projecting a loss of $7.23 a share for the year. The cruise company continues to expect to be profitable for the second half of 2022. The company had about 40% of its capacity operating by the end of the third quarter. Looking ahead, about 75% of capacity is expected to be in operation the end of 2021, with…

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