Norwegian Cruise Line Holdings has lowered spending by more than half a billion dollars in its ongoing effort to stay afloat amid the coronavirus pandemic.
The Frank Del Rio-led owner of 28 ships plans to delay $515m worth of capital expenditures beyond April 2021, including $345m, or 70%, worth of non-newbuilding projects.
The New York-listed cruise major — which has laid up its fleet to July — also expects to cut spending on ordered vessels by $170m, it announced on Monday.
