Finance

Royal Caribbean racked up another quarterly loss in excess of $1bn but CEO Richard Fain said recent talks with the CDC give the company hope it could operate an Alaska cruise season this summer.

April 27 update: During today's meeting the Galveston Wharves Board granted Royal Caribbean the extension.

Dream Cruises received US$307m from issuing new subscription shares to investment group Darting and to Ocean World, a Genting Hong Kong subsidiary.

Royal Caribbean Group scheduled a conference call to discuss first quarter financial results and provide a business update on April 29.

Credit Suisse lifted its Carnival Corp. rating to 'outperform' (buy) from 'neutral' (hold), citing the likelihood of a mid/late summer restart, bookings growth and reduced costs/greater efficiencies.

Posting a $2bn loss in the first quarter, Carnival Corp. & plc also managed to reduce cash burn and said bookings for 2022 are ahead of a very strong 2019.

Genting Hong Kong reported an unaudited net loss of US$1.7bn in 2020 and said its liabilities at Dec. 31 exceeded assets by $3.26bn.