The Federal Maritime Commission announced Tuesday that it has begun a process that may lead to amending its regulations concerning “non-performance” by a passenger vessel operator (PVO/cruise line) and under what circumstances passengers must be provided a refund for a cancelled or delayed voyage.On Monday, the FMC voted to accept the recommendations made by FMC Commissioner Louis E. Sola in the Fact Finding 30 Interim Report issued in July, which examined the effects of Covid-19 on the cruise...
passenger vessel operator
Lindblad Expeditions cites coronavirus in second-quarter loss
Lindblad Expeditions Holdings Inc. reported a second-quarter loss of $39.7 million mostly tied to the coronavirus pandemic but said it has “substantial advanced bookings” for 2021. The loss compares to a $1 million profit the same period last year.
“These past five months have been really tough on so many fronts,” Sven-Olof Lindblad, CEO of the New York-based public company, said during Monday’s earnings call. “We have taken a financial hit and we have had to furlough our employees and reduce...