Royal Caribbean Cruises Ltd (RCCL) has withdrawn its first-quarter and full-year financial forecast amid the coronavirus crisis and boosted its credit capacity by $550 million to shore up liquidity.
The cruise giant said it was “pursuing additional actions” to improve its liquidity by reducing capital expenditures, operating expenses and taking other actions to improve liquidity by at least a further $1.7 billion this year.
The company is also planning reductions to the 2021 capital expenditures and operating expenses.
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