Norwegian Cruise Line sees delayed recovery from slump

Cruise ship Norwegian Spirit docking in Cobh, Co Cork. Norwegian Cruise Line has forecast a loss for the current quarter and revenue below estimates. File Picture: David Creedon

Norwegian Cruise Line has forecast a loss for the current quarter and revenue below estimates as occupancy rates remained stubbornly below pre-pandemic levels, sending its shares down 12% on Tuesday.

Its second-quarter occupancy of 65% compared with more than 107% in 2019, a level the company does not expect to reach until the second quarter next year.