Royal Caribbean positive despite 5th straight quarter of losses
Cruise line, Royal Caribbean, has suffered its fifth straight quarter of losses since the pandemic started.
Royal Caribbean has continued to lose billions of dollars as a result of the pandemic which has effectively shut down the cruise industry since last March.
The company posted an adjusted first-quarter loss of $1.1bn, but chief executive, Richard Fain, remains optimistic following the release of new guidelines by Washington that will allow a cautious resumption of sailings from mid-July.
“We have had very constructive dialogues with the Centers for Disease Control and Prevention [CDC] in recent weeks about resuming cruising in the US in a safe and healthy manner,” he said in a statement.
“Last night, the CDC notified us of some clarifications and amplifications of their conditional sail order which addressed uncertainties and concerns we had raised.”
The company said about 75% of bookings made for 2021 are new and the rest are due to passengers redeeming future cruise credits.
