Independent journal on economy and transport policy
19:34 GMT+2
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Royal Caribbean's net loss in the third quarter was $1.34 billion
The value of negative revenues
October 29, 2020
In the first nine months of 2020, the cruise group's revenues amounted to $2.17 billion, a drop in -74.2% over the corresponding period last year, of which 1.49% billion generated by the sale of cruises (-75.5%) and 687.6 million from ship sales and other activities (-70,9%). Operating expenses fell by -45.4% to 2.50 billions of dollars. Operating and net income were both negative sign of -3.58 billion and -4.41 billion compared to positive results of 1.78 billion and $1.63 billion in the first nine months of 2019.
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In the first nine months of 2020, the cruise group's revenues amounted to $2.17 billion, a drop in -74.2% over the corresponding period last year, of which 1.49% billion generated by the sale of cruises (-75.5%) and 687.6 million from ship sales and other activities (-70,9%). Operating expenses fell by -45.4% to 2.50 billions of dollars. Operating and net income were both negative sign of -3.58 billion and -4.41 billion compared to positive results of 1.78 billion and $1.63 billion in the first nine months of 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
