• Royal Caribbean Group reports $5.8 billion loss for 2020

    7 days ago - By Travel and Tourworld

    Royal Caribbean Group has reported a net loss of $5.8 billion for financial year 2020 compared to the net profit of $1.9 billion reported last year by the cruise giant. The company implemented a voluntary suspension of cruises on March 13 last year and has yet to set sail again. The cruise line currently hopes to return to operation at the end of April but has repeatedly pushed back the deadline.
    Losses in the fourth quarter were $1.4 billion, against a net profit last year of $273 million. In January, the group announced it had entered into an agreement to sell its three-ship Azamara...
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