Norwegian Cruise Line flags cash crunch, going concern risks

Cruise operator Norwegian Cruise Line Holdings Ltd said on Tuesday it does not have enough cash to meet its obligations in the next year and raised doubts about its ability to keep running its operations.

The company was evaluating strategies to increase its liquidity, it said in a regulatory filing.

Norwegian Cruise and rivals Carnival Corp and Royal Caribbean Cruises have been among the worst-hit companies by the coronavirus crisis, bleeding cash and scrambling for funds to ride out the slowdown.