UPDATE 1-Saga virus worst case scenario sees cruises suspended till 2021 [Reuters]
D/B/A Royal Caribbean Cruises Ltd. (RCL)
Last d/b/a royal caribbean cruises ltd. earnings: 2/4 08:00 am
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Source: Reuters
Saga virus worst case scenario sees cruises suspended till 2021 (Reuters) - Over 50s holidays specialists Saga ( SAGA.L ) said on Thursday it could suspend all cruises and other holidays until 2021 under its most severe stress test scenario for the coronavirus crisis. The company, whose share price has plunged over 60% so far this year, also said its fiscal 2019-20 results would include an impairment charge of 370 million pounds ($459.47 million) linked to the market value wipe-off. Saga, which had suspended its cruise offerings until May in response to the pandemic, said it was applying for waiver of some debt covenants and also for a debt holiday through March 31, 2021. The outbreak has disrupted normalcy in dozens of countries, and has particularly hampered activity in the travel sector with governments advising people to avoid all non-essential travel. The situation is particularly bad for Saga, as it caters to the elderly segment that is more vulnerable to the virus. Saga expec
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RCL
Earnings
- 4/25/24 - Beat
RCL
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/17/24 - Form ARS
- RCL's page on the SEC website