Sunday , February 28 2021

The cruise giant Royal Caribbean suffered huge losses in 2020

$ 5.8 billion deficit – sales down 80 percent to $ 2.2 billion – hopes of reversal

The Corona epidemic caused a huge loss to the Royal Caribbean ship last year. Overall, the Royal Caribbean went red in 2020 with $ 5.8 billion (4. 4.8 billion) and a quarter-final low of $ 1.4 billion. “This crisis is the most difficult in our company’s history,” the travel giant admitted in Miami on Monday. In 2020, revenue fell 80 percent to $ 2.2 billion.

The stock still had a good response to the stock exchange, with its share of U.S. trading trading rising more than 10 percent. Because there is growing confidence that the crisis will end. The number of new allocations has already risen sharply since the beginning of the year, and there has been a huge demand during the epidemic, management said in a conference call after the presentation of the balance sheet. With the prospect of a return to the industry, shares of competitors such as the Idaho Mother Carnival or the Norwegian Crossline rose sharply.

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