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Royal Caribbean Group Reports On 2020 Results And Provides Business Update
Royal Caribbean Group Says On Feb. 12 Royal Caribbean Cruises Ltd Amended Our $1.55 Bln Unsecured Revolving Credit Facility Due 2022
Royal Caribbean Group Enters Definitive Agreement To Sell Its Azamara Brand To Sycamore Partners
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands). Together, its Global Brands and its Partner Brands operate a combined total of 50 ships in the cruise vacation industry with an aggregate capacity of approximately 123,270 berths as of December 31, 2016. As of July 31, 2018, the Company's ships offer a selection of itineraries that call on approximately 540 destinations in 105 countries, covering all seven continents. Royal Caribbean International offers a range of itineraries to the destinations, including Alaska, Asia, Australia, Canada, the Caribbean, the Panama Canal and New Zealand with cruise lengths that range from 2 to 24 nights.
1050 Caribbean Way
Richard D. Fain
Chairman of the Board, Chief Executive Officer
Jason T. Liberty
Chief Financial Officer, Executive Vice President
Michael W. Bayley
President and Chief Executive Officer of Royal Caribbean International
President and Chief Executive Officer of Celebrity Cruises
President and Chief Executive Officer - Azamara Club Cruises
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Royal Caribbean Group said on Monday it was seeing an uptick in future bookings, following a disastrous year for the cruise operator, as travel enthusiasts look to sail again at a time governments globally have started mass vaccinations.
Royal Caribbean Group reported a billion-dollar net loss for the fourth straight quarter on Monday, as the cruise operator continued to be affected by a coronavirus-triggered halt to voyages.
Royal Caribbean Cruises Ltd said on Thursday it has been restricted from paying cash dividends and buying back shares until the third quarter of 2022, as part of modifications to covenants of certain loan agreements.
Royal Caribbean Group said it would sell its Azamara line to private equity firm Sycamore Partners for $201 million in cash, to focus more on its bigger brands as the cruise operator deals with the impact of the COVID-19 pandemic.
A suspected COVID-19 case aboard a "cruise-to-nowhere" from Singapore which forced the ship to return to dock and nearly 1,700 guests to isolate was a false alarm, the government said on Thursday.
A passenger who tested positive for COVID-19 aboard a Royal Caribbean cruise from Singapore, forcing the ship to return to dock and hundreds of guests to isolate, has been found not to have the virus, Singapore's health ministry said on Thursday.
A Royal Caribbean "cruise-to-nowhere" from Singapore began disembarking its nearly 1,700 passengers who were confined to their cabins for more than 16 hours on Wednesday after a COVID-19 case was detected onboard, forcing the ship back to port.
(This Nov. 2 story corrects headline to add "most" and paragraph 1 to add "excluding sailings from Singapore")
Cruise operator Royal Caribbean Group's revenue turned negative for the first time and it posted a billion-dollar net loss for the third straight quarter, underlining the impact of prolonged suspension of voyages due to the COVID-19 pandemic.
Royal Caribbean Group reported a net loss for the third straight quarter on Thursday, as the cruise operator suffered from a COVID-19-driven halt to voyages.
Royal Caribbean Cruises has been hit with a proposed class action in Miami federal court over allegations that the company failed to disclose decreased bookings due to the global pandemic early in the year and oversold its ability to prevent the spread of the novel coronavirus...
Royal Caribbean Cruises Ltd <RCL.N> has extended suspension of sailings until Nov. 30, excluding those originating from Hong Kong, the U.S. cruise operator said on Tuesday, as the COVID-19 crisis hurts demand for voyages.
* ROYAL CARIBBEAN GROUP SAYS WILL BE EXTENDING THE SUSPENSION OF SAILINGS TO INCLUDE THOSE DEPARTING ON OR BEFORE NOVEMBER 30, 2020 Source : https://bit.ly/36CEVpi
A panel set up by Royal Caribbean Group and Norwegian Cruise Line Holdings Ltd said on Monday it had submitted a report to the U.S. Centers for Disease Control and Prevention (CDC) detailing health and safety protocols, hoping to set sail again after a long halt due to the...
Royal Caribbean Group <RCL.N> said on Monday testing passengers for COVID-19 was "very likely" going to be part of a new set of safety measures planned to get its ships to resume sailing after months of being docked.
Royal Caribbean Group reported a quarterly net loss on Monday, as the cruise operator suffered from a coronavirus-driven halt to sailings that is now on course to last deep into the second half of 2020.
(This July 6 story corrects spelling of Richard Fain's name.)
Royal Caribbean Cruises Ltd <RCL.N> and Norwegian Cruise Line Holdings Ltd <NCLH.N> on Wednesday extended the suspension of voyages by another month until July 31 amid sailing curbs imposed to check the spread of the coronavirus.
Royal Caribbean Cruises Ltd on Wednesday said it expects to post interest expenses between $590 million and $610 million for the rest of the year and sees a second-quarter loss as ships remain anchored because of the COVID-19 pandemic.
Royal Caribbean Cruises <RCL.N> on Wednesday launched a $3.3 billion bond offering, pledging 28 of its ships as collateral and forecast heavy losses for the first quarter as the COVID-19 pandemic brings the sector to a virtual standstill.
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