Q – Allow an accountant to ask a quick question. We love the Oceania brand and always appreciated your advice to choose the newer, larger Riviera and Mariner when we’re sailing. We now have four sailings under our best. Just wondering how these lines are handling cash flow with ships tied up. Is there any way to know how much cash they are burning a month?
A – Oceania is owned, along with Regent Seven Seas, by the Norwegian Cruise Line Holdings Group. The group is now losing about $150 Million per month as the ships sit idle. This is not a business for the faint-of-heart.