Norwegian Cruise Line Holdings' bulletin to save half a billion dollars may be a sign that the company is looking to raise some cash, according to a prominent sell-side analyst.
The Frank Del Rio-led owner of 62 ships on Monday announced plans to cut 2020 spending by $515m amid Covid-19 stresses, following unconfirmed reports of a possible stake sale.
The company's shares, which trade on the Nasdaq Stock Market under the symbol NCLH, gained 14.1%
