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“That’s enough to cover our cash burn under a zero-revenue environment for at least 18 months, not 12, 18 months,” Del Rio told Reuters in a phone interview.
“So unless you want to make the case that this pandemic is going to close us down more than a year and a half into almost 2022, we believe the company is in a great financial position, has all the cash and liquidity needed to survive a prolonged lay-up and be in a position to come out strong,” he added.
The comments come a day after Norwegian completed a $2.4 billion fundraising through debt and equity offerings, giving the idled cruise operator needed funds to survive extended voyage suspensions due to the coronavirus pandemic.
