Norwegian Cruise Line reports $677 million 3Q loss as cruises remain canceled

Norwegian Cruise Line Holdings — the third largest cruise company in the world — reported a loss of $677.4 million, or $2.50 per share, during the third quarter of 2020.Cruises on the company’s three brands — Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas — remain canceled in the U.S., the company’s most lucrative market, until at least Jan. 1. Until then, the company expects to have a monthly cash burn rate of $175 million, according to a company financial update Tuesday.The company said bookings for the first half of 2021 are “below historical ranges,” but bookings for the seco…

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