Royal Caribbean Cruises Ltd forecast a loss in the second quarter on Wednesday as the cruise operator struggles with mounting debt amid trip cancellations due to travel curbs imposed to check the spread of the coronavirus.
Traders wait for stocks to resume trading on Royal Caribbean Cruises Ltd. on the floor of the New York Stock Exchange in New York, U.S., March 13, 2020. REUTERS/Lucas Jackson
The company, which posted a bigger-than-expected loss in the first quarter, has faced the brunt of the COVID-19 pandemic as major outbreaks in cruises were blamed for spreading the disease.
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