How Long Can Royal Caribbean Survive Without Cruises?
It's hard to make money as a cruise line when people can't take cruises. The situation becomes even harder when you factor in that nobody knows when cruising will be allowed again, and questions remain as to how quickly demand will return.
That's something Royal Caribbean (NYSE: RCL) fully understands. The company has been making painful choices to extend its ability to survive. These include cutting capital expenses, furloughing employees, raising additional capital, and pushing back maturity dates on some debt.
Royal Caribbean has canceled all June and July cruises. Image source: Royal Caribbean.
Source Fool.com
