Cruise lines decimated by dramatic losses amid ‘serious concerns’ for ...

CRUISES around the world have been brought to a halt amid the ongoing coronavirus pandemic, with the CDC and DfT both claiming sailings are not safe at present. As a result, big-name cruise lines have seen losses of as much as 75 percent.

PUBLISHED: 10:59, Fri, Nov 27, 2020 | UPDATED: 10:59, Fri, Nov 27, 2020

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Cruise holidays were on the rise in 2019, reporting growth year-on-year more holidaymakers turned their attention to the sea. However, the dawn of the coronavirus pandemic has left a devastating mark on the industry.

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Although the Centre for Disease Control and Prevention(CDC) lifted its “no sail” ban at the end of October, it is working towards a phased resumption, with cruises unlikely to be deemed safe enough to go ahead until 2021.

What’s more, in the UK, the Department for Transport (DfT) has said that “now is not the right time” for cruises to return to sailing.

The UK Government has said that it wants to support the industry through its new Travel Task Force and prepare for "a phased risk-based approach resuming cruise operations”.

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It is not yet clear when exactly cruises will be given the thumbs up to restart.

READ MORE: Cruise holiday warning: Cruises still banned rules the DfT

Cruise lossesCruises: Big-name cruise lines has recorded dramatic financial losses (Image: Getty Images / DX)

Cruise revenue 2020Cruise revenue losses (Image: DX)

As a result, big-name cruise lines have reported a drastic drop in earnings.

This includes both revenues from customers purchasing holidays and in onboard spending.

According to the latest figures from individual company reports and Statista, Norwegian Cruise Line has seen a dramatic loss of 75 percent from both of these revenue sources.

“The new Framework for Conditional Sailing Order issued by the U.S. Centers for Disease Control and Prevention is a step in the right direction on the path to the safer and healthier resumption of cruising in the U.S., reinforcing our existing rigorous commitment to health and safety.

“We will continue to collaborate with the CDC on next steps to relaunch operations with a shared goal of protecting the health and safety of our guests, crew and the communities we visit,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.

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