Lionkingrichard

9 ports? I wonder why a Balcony cabin cost more? Kind of like Alaska?

Just re-booked Presidents Week cruise again and after free prepaid tips and all 4 it comes out to $2700.00 for a BA for 2 Adults and 1 child. Best price by far for our 4th NCL. We did only get 2 meals instead of 3!

Just called and it only took 5 minutes to change exciting reservation. Price dropped $220.00, but gave up $200 onboard credit and gained prepaid tips for 2($217.00?)! Presidents Week cruise keep getting cheaper!😀 $700.00 cheaper then 2-3 years ago for same cruise, same port and ship, plus get all 4. Only had 2 last time!

I posted this 3 weeks ago. I love the price for school vacation week! Just re-book our Feb. 2021 presidents week cruise to a BA for the same amount as last 2 years($3,100.00) Plus $200 on-board cash. We did give up one meal, but got all four offers(never had all four). With the $200 we can get 3 more meals each so, 2+3=5 meals. Seems like a great deal and last year we got the child cruises free deal(somehow got lucky) as that week you don't see it but for a minute I guess(5 rooms, lol). Now a couple months ago it was around $

Just re-book our Feb. 2021 presidents week cruise to a BA for the same amount as last 2 years($3,100.00) Plus $200 on-board cash. We did give up one meal, but got all four offers(never had all four). With the $200 we can get 3 more meals each so, 2+3=5 meals. Seems like a great deal and last year we got the child cruises free deal(somehow got lucky) as that week you don't see it but for a minute I guess(5 rooms, lol). Now a couple months ago it was around $3,700 for the 3 of us with no cash and of course 3 meals each. We are happy! Bo

Why pay in full for a cruise that is a year away?

Call your local news and National news! They will eat this up!

No more free flights. It cost them a lot of cash.

Yes they have 2 BILLION in FCC and deposits on the books. Not sure if that was counted against the $250 Million cash on hand? I wouldn't think so? It will take some time to work through that. Going to be a bad couple years. No more free flights. That cost them a lot of profits! Big congrats to any one who bought at $7 and sold today at $14! Doubled your money!

You see where NCL posted that they Borrowed the money? They did not apply for credit. They were smart and got all the cash they could right now to weather the storm!

Add this to cash on hand! Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. As previously disclosed, Norwegian Cruise Line Holdings Ltd., through its subsidiaries, NCL Corporation Ltd. (“NCLC”) and Voyager Vessel Company, LLC are parties to an $875 million revolving credit facility, dated as of January 2, 2019 and maturing on January 2, 2024, with JPMorgan Chase Bank, N.A. (“JPM”), as administrative agent and as collateral agent, and certain other lenders party thereto (the “Fourth

As others have posted and in the 10K NCL puts up the ships to secure the loan. They have been borrowing money at LIBOR + 1%! Interest rates have been dropping and banks still need to make money. So they write new loans. They had 1.1 BILLION IN CASH as of last month.

Yes and read the 10K. They refinance it at lower interest rates and save money.

Great post! This means they are ONLY paying 25 million a month in interest. Not much! Payroll is what is hurting them right now and they just announced 20% reduced wages for salary employees. I'm sure we will find that the crews are being paid less as they are not working full time on the ships. Fair? Probably not, but they may not be able to do much about it if they want to keep their jobs next year.

Yes you are correct. The BANKS will extend those lines of credit and keep making profit on those interest payments. Lots of people and companies will not survive this. Banks will hold on to loans that will keep them in business. How much is BILLION dollar ship worth at the repo yard? Better to keep Cruise lines in business.