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May 20, 2020
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- Pandemic sharply curbs positive performance trend
by Royal Caribbean Cruises
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- In the first quarter, the cruise group recorded a
net loss of USD 1.44 billion
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 The Covid-19 pandemic, whose consequences in the sector
maritime aircraft have hit the segment more heavily
cruises, abruptly ended the series of 28
consecutive quarters of positive results recorded by the
Royal Caribbean Cruises (RCL)
this year, it made a net loss of 1.44
billion dollars compared to a net profit of 256.8 million
dollars in the first quarter of 2019. Revenues fell by
-16.7% to 2.03 billion U.S. dollars, of which 1.38 billion
generated by the sale of cruises (-19.5%) 655.9 million
ship sales (-10.1%), while operating costs are
rose 6.9% to USD 1.51 billion. the result
operating profit was a negative sign and amounted to 1.31 billion
dollars compared to an operating profit of 318.8 million dollars
in the first quarter of last year.-
- In the first three months of 2020, the fleet ships
RCL hosted 1.24 million passengers, a drop in
-19.1% determined by the US
suspend the activities of its cruise companies
Royal Caribbean International, Celebrity Cruises, Silversea and TUI
Cruises with effect since mid-March due to
inability to continue operations for
mobility restrictions imposed worldwide
containing the virus, a period of suspension that is still in
Course.
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- Royal Caribbean Cruises has estimated at 250-275 million dollars
about the available liquidity burned daily in the
prolonged period of suspension of activity. The
group recalled that in order to cope with this situation, they are already
significant actions have been taken to increase liquidity
and to secure additional funding to which measures are added
to keep spending down.
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