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17 January 2021 The on-line newspaper devoted to the world of transports 22:37 GMT+1

May 20, 2020

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Pandemic sharply curbs positive performance trend by Royal Caribbean Cruises

In the first quarter, the cruise group recorded a net loss of USD 1.44 billion

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.

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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