Norwegian Cruise Line Holdings Ltd. shares climbed, recovering from a drop of as much as 10 per cent, after the company reassured investors that consumers are continuing to book new cruises.

In its earnings presentation Thursday, the company said there’s still demand for cruises starting in the fourth quarter of 2020 and increasing through 2021.

Chief Executive Officer Frank Del Rio said most of the bookings were “good old cash bookings,” not just people rescheduling cruises that were canceled because of the coronavirus pandemic.

The stock was up as much as 5.7 per cent to US$10.90 after the comments. It was down 82 per cent this year through Wednesday.

Like other cruise lines, Norwegian shut down its operations in mid-March, joining theaters, sporting events and other large gatherings.