There was a shortfall of $ 5.8 billion. Sales slumped 80 percent to $ 2.2 billion.
The corona pandemic caused enormous losses for the cruise company Royal Caribbean in the past year. Overall, Royal Caribbean went into the red in 2020 with 5.8 billion dollars (4.8 billion euros), while the bottom line was a minus of 1.4 billion in the final quarter. “This crisis is the most difficult in the history of our company,” the tourism giant admitted on Monday in Miami. Revenues fell by around 80 percent in 2020 to $ 2.2 billion.
The annual report was still well received on the stock exchange, with the share increasing by more than ten percent in US trading. Because confidence that the crisis will end is increasing. The number of new bookings has already risen sharply since the beginning of the year, and a lot of demand has evidently built up during the pandemic, the management said in a conference call after the balance sheet was presented. The prospect of a comeback in the industry also caused the shares of competitors such as Aida mother Carnival or Norwegian Cruise Line to rise sharply.
