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30 May 2020 The on-line newspaper devoted to the world of transports 23:35 GMT+2



May 8, 2020

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Original news
Royal Caribbean has cut 26% of beyond 5 thousand employee occupied from the group in the USA

The company has returned notes important measures of control of the costs. In course negotiations with the ship yards in order to reduce and to defer the expenses for the new constructions

Royal Caribbean Cruises has cut occupied 26% of beyond five thousand employee from the group in the United States. The American crocieristica company has announced today making the point on own activities to light of lasting of the crisis primed from the pandemic of Covid-19. The group has specified to have adopted measures important in order to reduce all the operating expenses to total level and to have begun to place in various disarmament to cold ships of the fleet. The company has announced also to have meaningfully eliminated or reduced the expenses of marketing and sale for the remaining part of 2020.

Royal Caribbean Cruises has specified that with such measures the decrease previewed of relative the operating expenses to the fleet is around 150-170 million dollars to the month, cut salary that it has specified of ulteriorly being able to increase in case of a been extended period of lack of revenues.

Moreover the American group has announced to have programmed in 2020 and the 2021 reductions pairs respective to 3,0 billion and 1,4 billion dollars of the expenses on account capital. Specifying that Royal Caribbean considers that the pandemic has had an impact on the activities of the ship yards that will determine delays in the delivery of ships the whose completion originally was previewed in 2020 and 2021, in the light of this group have announced that they are previewed 1,8 billion dollars of the reduction of the expenses through the reduction or the deferral of the relative payments to the new tidy ships that the group are dealing with the yards and the cut of 1,2 billion dollars of discretionary expenses on account capital not correlated to the new constructions.

Royal Caribbean has announced at last that on 30 April the company had liquid availabilities pairs to about 2,3 billion dollars and has remembered that monday the group has increased the credit line senior guaranteed of 364 days obtaining ulterior liquidity for 150 million dollars. Royal Caribbean has specified that own consumption of case during a period of suspension of the activities to be included among 250 and 275 million dollars approximately.

csteinweg
Salerno Container Terminal



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