Norwegian Cruise Lines Sinks as Revenue Plummets 99%
It shouldn't be a surprise Norwegian Cruise Line Holdings (NYSE: NCLH) ran aground in the second quarter. With cruises dry-docked during the coronavirus pandemic, the cruise ship operator saw its revenue all but vanish.
Earnings also came in below Wall Street's estimates because although its expenses were also dramatically reduced, they did not fall by a commensurate amount, as the cruise line still needed to pay for ships, crew, and other costs.
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Source Fool.com