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ROYAL CARIBBEAN CRUISES LTD 8-K Report, Corporate Update (Oct 7, 2020)

Filed October 7, 2020For Securities:RCL

Summary

Royal Caribbean Cruises Ltd. (RCL) announced a further extension of its sailing suspension through November 30, 2020, for most of its fleet. This decision, driven by ongoing collaboration with the CDC and other stakeholders to ensure a safe return to service, impacts sailings departing on or before this date, with an exception for sailings from Hong Kong. The company is proactively communicating with guests and travel partners regarding these changes and to address any concerns. In addition to the broader suspension, specific brands are undertaking further cancellations. Celebrity Cruises is suspending its entire 2020/21 Winter program in Australia and Asia, while Azamara will suspend its 2020/21 Winter sailings across Australia & New Zealand, South Africa, and South America. These extended disruptions highlight the continued challenges faced by the cruise industry amidst the global pandemic and the company's commitment to prioritizing health and safety.

Key Highlights

  • 1Extended sailing suspension for Royal Caribbean Group through November 30, 2020.
  • 2Excludes sailings departing from Hong Kong from the extended suspension.
  • 3Celebrity Cruises suspending its full 2020/21 Winter program in Australia and Asia.
  • 4Azamara suspending its 2020/21 Winter sailings in Australia & New Zealand, South Africa, and South America.
  • 5Company is actively communicating with affected guests and travel partners.
  • 6The company emphasizes its primary goal is a healthy return to service for guests, crew, and communities.

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