Norwegian Cruise Line Holdings Ltd (NCLH), the world’s third largest cruise shipping company, has reported a significant deepening of losses for both the final quarter and full year of 2021.

In the last three months of the year, net loss widened to $1,57 billion from $738.9 million year on, while revenues increased to $487.4 million from a mere $9.6 million.

For the full year, the company reported a net loss of $4.51 billion compared to $4.05 billion in 2020. Revenues decreased to $647.9 million from $1.28 billion, the company said in a statement.