25 May 2020

Fiji Airways Secures Government Support Necessary for Survival

Fiji Airways, Fiji’s national airline, has today announced that it has secured vital support from the Fijian Government, in the form of sovereign guarantees to support urgent financing actions required to tide the company through the COVID-19 crisis, and the expected slow ramp up of travel demand thereafter.
21 May 2020

Royal Caribbean Updates COVID-19 Impact, Will Extend Cruise Suspension

Royal Caribbean Cruises Ltd. was forced to cancel 130 sailings during the first quarter of 2020 after ceasing operations in mid-March due to the outbreak of COVID-19, prompting the cruise giant to report US GAAP net loss of $1.4 billion for the year's opening quarter compared to US GAAP net income of $249.7 million in the first quarter of 2019.