Royal Caribbean Updates Measures Taken to Weather COVID-19 Pandemic

PHOTO: Anthem of the Seas’ pool deck at sunset. (photo courtesy of Royal Caribbean International) Royal Caribbean Cruises Ltd. (RCCL) on May 8 provided a business update on how it is shoring up liquidity, reducing expenses, and upgrading cleaning and disinfection protocols amid the Covid-19 pandemic. “These are unprecedented times for all of us. Travel restrictionsContinue reading “Royal Caribbean Updates Measures Taken to Weather COVID-19 Pandemic”

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Royal Caribbean reveals numbers seeking refunds

Royal Caribbean Cruises has revealed just under half of its customers have requested cash refunds for cancelled cruises, with its operations currently suspended through to June 11. In a business update, Royal Caribbean revealed it was holding $2.4 billion in customer deposits at the end of March and said, as of April 30, “approximately 45%Continue reading “Royal Caribbean reveals numbers seeking refunds”

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$14 Million for Royal Caribbean Cruises CEO Fain

Royal Caribbean Cruises reported executive compensation for a record 2019 financial year in a Friday evening SEC filing, just two days following the announcement the company was laying off approximately 26 percent of its U.S. workforce. CEO and Chairman Richard Fain saw a $14.4 million payday in 2019, mostly driven by stock awards. Fain has agreedContinue reading “$14 Million for Royal Caribbean Cruises CEO Fain”

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