January 29, 2020
- Royal Caribbean cancels three Cruises to China for emergency
- Possible other measures if travel restrictions are
kept in place
- Due to the spread of coronavirus in China, an epidemic
is rapidly spreading, having now risen to over 6,000
infected in the Asian nation, the cruise group
Royal Caribbean Cruises announced that, after
national health and health authorities, it was
decided the cancellation of three scheduled cruises next month
Royal Caribbean's Spectrum of the Seas ship
International, which is currently the only ship in the fleet
of the American group based in China.
- Royal Caribbean explained that this decision will have a
expected impact on the 2020 annual financial year
0.1 dollars per share. The group has made it clear that if
restrictions on travel to China should remain in place until
at the end of February you would have a further impact equal to other
0.1 dollars per share. Royal Caribbean specified that, however,
there are still too many variables and uncertainties about the spread of
this contagion to calculate the actual impact on the business
group: "For example," the company clarified in a note.
we believe that an erosion of consumer confidence in China
could have a further impact on the employment rate of
ships in the region until the market normalizes.
If these travel restrictions continue for a long time
could have a significant impact on financial results
company's overall results."
- Royal Caribbean recalled that if in the winter season in
China is based on only one ship of the group, however
expected to be united in May and July next year.
joined by two other ships, for a total capacity
deployed in China throughout 2020 equal to 6% of the capacity
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