Royal Caribbean Posts USD $1b loss but Hopes for US Summer Cruise Restart

Royal Caribbean racked up another quarterly loss in excess of USD $1b but CEO Richard Fain said recent talks with the CDC give the company hope it could operate an Alaska cruise season this summer. Royal Caribbean posted a USD $1.1b adjusted net loss, or $4.44 per share, compared to a loss of USD $310.4m, or $1.48 per share a year ago. Fain indicated discussions continue with Canada and US officials about a possible waiver to the Passenger Vessel Services Act that would allow Alaskan cruising to resume despite Canada’s 2021 cruise ban.