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.