Norwegian Cruise Line Holdings Ltd. (NCLH), the world’s third largest cruise shipping group, has reported a deep loss for the second quarter as its operations remained suspended throughout the period.

Net loss amounted to $717.8 million compared to a loss of $715.2 million in the same period last year. Revenue decreased to $4.4 million compared to $16.9 million in 2020 as voyages were once again suspended for the entire quarter.

Total cruise operating expense decreased 17.2% in 2021 compared to 2020. In 2021, cruise operating expenses were primarily related to crew costs, including salaries, food and other travel costs, fuel, and other ongoing costs such as insurance and ship maintenance.

Fuel price per metric ton, net of hedges increased to $673 from $594 in 2020. The Company reported fuel expense of $54.1 million in the period.

Interest expense, net was $137.3 million in 2021 compared to $114.5 million in 2020. “The increase in interest expense reflects additional debt outstanding at higher interest rates, partially offset by lower LIBOR. Included in 2020 were losses on extinguishment of debt and debt modification costs of $21.2 million,” NCLH said in a statement.

Other income (expense), net was income of $25.5 million in 2021 compared to expense of $(14.4) million in 2020. In 2021, the income primarily related to gains on fuel swaps not designated as hedges, the company said.