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Operator
Good morning, and welcome to the Norwegian Cruise Line Holdings First Quarter 2021 Earnings Conference Call. My name is Josh, and I will be your operator. [Operator Instructions]
I would now like to turn the conference over to your host, Ms. Andrea DeMarco, Senior Vice President from Investor Relations, Corporate Communications and ESG. Ms. DeMarco, please proceed.
Andrea DeMarco
Senior Vice President from Investor Relations, Corporate Communications and ESG
Thank you, Josh, and good morning, everyone. Thank you for joining us for our first quarter 2021 earnings call. I m joined today by Frank Del Rio, President and Chief Executive Officer of Norwegian Cruise Line Holdings; and Mark Kempa, Executive Vice President and Chief Financial Officer. Frank will begin the call with opening commentary, after which Mark will follow to discuss our financials before handing the call back to Frank for closing remarks. We will then open the call for your questions. As a reminder, t
May 04, 2021
Norwegian Cruise Line Holdings today announced it is providing $10 million cash support to six Alaska port communities severely impacted by the ongoing cruise voyage suspension, according to a press release.
According to the company, approximately 60% of all tourism in Alaska is generated through cruise, which has been halted for more than a year, continuing to significantly impact families and small businesses reliant on cruise tourism. In addition, as part of the recently announced BuyAlaska and Voyij.com initiative, the company has joined the ‘Shop Local Alaska’ program and is encouraging people to help support Alaska small businesses devastated by the halt in cruising.
Giving Back: NCLH Donates $10 Million To Alaska Port Communities
Published 3 weeks ago
Norwegian Cruise Line Holdings Ltd. (NCLH) is donating $10 million in “no strings attached” cash support to six Alaska port communities severely impacted by the ongoing cruise suspension.
“My heart breaks for Alaska and its wonderful people as we face a potential second year of zero cruise operations during the all-important summer tourism season, bringing yet another blow to Alaska’s tourism economy,” said Frank Del Rio, president and CEO of NCLH, the parent company for the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.
“Alaska is one of our guests’ most popular cruise destinations and we are doing everything in our power to safely resume operations in the U.S., which will provide much-needed relief to the families, communities and small businesses who rely on cruise tourism for their livelihoods.”
Skagway, Alaska. Photo Credit: Reinhard Pantke
Norwegian Cruise Line Holdings Ltd. and Royal Caribbean Group both announced initiatives to help the communities of Alaska that are suffering through what may be a second season without large-ship cruising, and even in a best-case scenario will only be a truncated one.
NCLH, parent company to Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas, will provide $10 million in cash support to six Alaska port communities severely impacted by the ongoing cruise suspension. The donation will go directly to the port communities of Juneau, Ketchikan, Skagway, Hoonah, Seward and Sitka to provide humanitarian relief, the company said.