Royal Caribbean Cruises Ltd. closed its private offering of $1bn 10.875% senior secured notes due 2023 and $2.32bn of 11.5% senior secured notes due 2025.

Royal Caribbean Cruises Ltd. plans to report first quarter results and provide a business update on Wednesday.

Fincantieri's first quarter EBITDA margin was 5.5%, down from 6.7% a year ago, and production volume slowed by 20% due to the COVID-19 pandemic.

Lindblad Expeditions became the latest cruise operator to furlough employees to cope with the financial impact of the COVID-19 pandemic.

Norwegian Cruise Line Holdings estimated the monthly cash burn of a ship in cold layup as $2.8m, versus $3.9m in warm layup.

Norwegian Cruise Line Holdings CEO Frank Del Rio is confident in the demand for cruises but cautioned it's going to take time, maybe years, to return to 'the good old days of 2019.'

Royal Caribbean Cruises Ltd. priced its private offering of $1bn in 10.875% senior secured notes due 2023 and $2.32bn of 11.5% senior secured notes due 2025.

Amid company-wide layoffs and furloughs, Carnival Corp. reduced its US workforce by nearly half.

As expected, the COVID-19 impact resulted in a first quarter loss at Norwegian Cruise Line Holdings and the company reiterated its forecast for further losses in the second quarter and the full year.

The TUI Group plans to 'reinvent' the holiday to survive the 'greatest crisis' the travel business and the company have ever faced.