Wall Street analyst Chris Woronka of Deutsche Bank wrote a note that predicts in the long run cruise lines will recover from the COVID-19 pandemic, but it will take many years to accomplish.

While he does not see the cruise line stocks of Carnival, Norwegian or Royal Caribbean being low enough to buy right now, in the long term Woronka sees these stocks recovering after getting torpedoed by the COVID-19 panic.

Norwegian Cruise Line Holdings announced today it has cancelled all of its sailings through August 30th, 2020 and select cruises in September and October.

The announcement effects Norwegian, Oceania and Regent cruise lines.

Today's announcement includes:

Norwegian Cruise Line published its six-point Peace of Mind health program that aims to take every precaution to keep guests safe from COVID-19.

The cruise line says these rules "just the start of a wave of new technologies and enhancements" that will be rolling out.

The full list of health protocols are available to view, and fall under six major categories:

Norwegian Cruise Line announced on Wednesday it has extended its global cruise suspension and cancelled all of its sailings through July 31, 2020.

Guests who had an active reservation on one of the suspended cruises have automatically received a 125% or 150% refund of their cruise fare in the form of a Future Cruise Credit which can be applied towards any Norwegian Cruise Line voyage through December 31, 2022.

Norwegian Cruise Line has extended its Peace of Mind policy, that allows guests to cancel a cruise in exchange for a future cruise credit.

The Peace of Mind policy is extended through at least November 30, 2020.

If a guests chooses to take advantage of this policy, they can receive either a full refund or a future cruise credit (FCC) to be used on any new sailing through December 31, 2020. 

NCL also announced a new 20% discount on all sailings from October 2020 through December 2022 when a guest uses their FCC. This discount is good through May 31, 2020.

When Norwegian Cruise Line resumes sailings, it will probably begin with five ships at a time, and take around five to six months before fleet is operational.

Norwegian Cruise Line Holdings Ltd. provided its plan as part of its first quarter 2020 earnings report to shareholders.

NCLH CEO Frank Del Rio explained the phased approach to resume cruises, beginning with up to six months to resume fleetwide operations across all 28 of Norwegian Cruise Line Holdings' ships.

NCLH operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.

Norwegian Cruise Line opened bookings for new sailings that extend into 2023.

Norwegian announced guests can begin booking cruises in 2021 through 2023, with voyages to over 20 new destinations across all seven continents.

Norwegian Cruise Line CEO Frank Del Rio commented publicly that he expects the cruise line to sail again in 2020.

Del Rio spoke to CNBC, where he said, "We expect to sail sometime in 2020. It would be irresponsible for me to give you a specific date because we still have to gain clearance from the CDC and other government agencies, but we’re working hard shoulder-to-shoulder with them to develop an enhanced protocol of every kind you can think of."

Norwegian Cruise Lines followed other major cruise lines by announcing on Monday it will expand its voluntary suspended cruises across the fleet to include all sailings through April 11, 2020.

NCL aims to resume operations on May 11, 2020.