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24 September 2020 The on-line newspaper devoted to the world of transports 20:28 GMT+2

March 10, 2020

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Original news
Royal Caribbean Cruises is also moving to increase liquidity to deal with the virus emergency

Measures are also expected in 2021

Royal Caribbean Cruises is also taking steps to increase liquidity in order to address the impact about their activities in the spread of coronavirus. The American shipping group announced today that it has increased its revolving credit capacity of 550 million dollars and announced that he's taking further action to improve liquidity by reducing capital expenditures, operating expenses and taking other measures to increase the liquidity of at least another USD 1.7 billion over the course of this year. In addition, there is a further reduction capital expenditure and operating expenses during the year 2021.

"These are extraordinary times," commented the President and CEO of Royal Caribbean Cruises, Richard Fain - and we are taking these steps to manage the company in a way that prudent and conservative. I am -- he pointed out -- proud of the our teams to deal with this situation without previous ones'.

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