Coronavirus Outbreak: Royal Caribbean Cancels 18 Sailings
Cruise company Royal Caribbean Cruises has so far canceled a total of eighteen sailings in Southeast Asia and modified several itineraries due to travel restrictions aimed at containing the coronavirus.
Taken together, these measures have an estimated impact on the company’s financial performance for 2020 of approximately USD 0.65 per share.
“While not currently planned, if the company was to cancel all of its remaining sailings in Asia through the end of April, it would impact 2020 financial performance by an additional USD 0.55 per share,” according to Royal Caribbean.
With China and other countries moving aggressively to contain the spread of the virus, the company is also communicating regularly with the CDC, the WHO and other health authorities around the world and has implemented measures to protect passengers and crew. These include denying boarding to those that have travelled from, to or through mainland China or Hong Kong in the past 15 days and performing mandatory specialized health screenings on at-risk passengers and crew.
“It is important that every organization acts responsibly, and we have already taken aggressive steps to minimize risk through boarding restrictions and itinerary changes,” Richard D. Fain, chairman and CEO, said.
Referring to a forecast for 2020, the company said that if the travel restrictions and concerns over the outbreak continue for an extended period of time, they could materially impact Royal Caribbean’s overall financial performance.
Royal Caribbean Cruises controls and operates four brands – Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. The company is also a 49% shareholder in the Spanish brand Pullmantur Cruceros and, since this February, a 50% joint venture owner of the German brand TUI Cruises.
Together these brands operate a total of 61 ships with an additional seventeen on order as of December 31, 2019.
Related:
Coronavirus Sailing Cancellations Start to Hurt Royal Caribbean’s Earnings
List of related news articles
-
Posted: about 1 month ago
Quantum of the Seas returns to Singapore after COVID-19 case
An 83-year-old male Singaporean on board Royal Caribbean International’s Quantum of the Seas tested ...
Posted: about 1 month ago -
Posted: about 1 month ago
Hurtigruten comes under cyberattack
Norway’s expedition cruise operator Hurtigruten was hit by a cyberattack on 14 December 2020. ...
Posted: about 1 month ago -
Posted: about 1 month ago
Coin, keel-laying ceremony held for Celebrity Beyond
French shipbuilder Chantiers de l’Atlantique has held a coin ceremony for Celebrity Cruises’ C...
Posted: about 1 month ago -
Posted: 6 months ago
Royal Caribbean's JV Pullmantur files for reorganisation
Cruises Investment Holding and Royal Caribbean Group (RCL) have filed for the reorganisation of the...
Posted: 6 months ago