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01 October 2020 The on-line newspaper devoted to the world of transports 03:18 GMT+2

January 29, 2020

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Royal Caribbean cancels three Cruises to China for emergency Coronavirus

Possible other measures if travel restrictions are kept in place

Due to the spread of coronavirus in China, an epidemic is rapidly spreading, having now risen to over 6,000 infected in the Asian nation, the cruise group Royal Caribbean Cruises announced that, after national health and health authorities, it was decided the cancellation of three scheduled cruises next month Royal Caribbean's Spectrum of the Seas ship International, which is currently the only ship in the fleet of the American group based in China.

Royal Caribbean explained that this decision will have a expected impact on the 2020 annual financial year 0.1 dollars per share. The group has made it clear that if restrictions on travel to China should remain in place until at the end of February you would have a further impact equal to other 0.1 dollars per share. Royal Caribbean specified that, however, there are still too many variables and uncertainties about the spread of this contagion to calculate the actual impact on the business group: "For example," the company clarified in a note. we believe that an erosion of consumer confidence in China could have a further impact on the employment rate of ships in the region until the market normalizes. If these travel restrictions continue for a long time could have a significant impact on financial results company's overall results."

Royal Caribbean recalled that if in the winter season in China is based on only one ship of the group, however expected to be united in May and July next year. joined by two other ships, for a total capacity deployed in China throughout 2020 equal to 6% of the capacity overall fleet.

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