Royal Caribbean Cruises Ltd. announced it will extend its global cruise suspension through the end of July.

Royal Caribbean Cruises Ltd. has decided to extend the suspension of most sailings through July 31, 2020, with the exception of sailings from China, which will be suspended through the end of June.

The cruise line has updated its date to resume service to be August 1, 2020.

Guests on cancelled sailings between June 12 - July 31, 2020 have the choice of a 100% refund, 125% future cruise credit, or to use Lift & Shift and move the sailing to next year.

Royal Caribbean Cruises Ltd. reported its first quarter 2020 results, as well as an update on what the company is doing to mitigate losses.

Royal Caribbean Cruises Ltd issued a new $3.3-billion private offering of senior secured notes that aims to generate cash to repay other loans.

The notes are offered up by backing them up with 28 of the cruise line's ships and intellectual material as collateral.

Royal Caribbean indicated it will use the cash generated by these notes to repay its $2.35 billion 364-day senior secured term loan agreement with Morgan Stanley. Any leftover proceeds will be used to repay additional indebtedness.

Fifteen Romanian crew members on Royal Caribbean's Navigator of the Seas held a hunger strike to protest their inability to return home due to the global spread of coronavirus.

Miami Herald reports the hunger strike began on Thursday afternoon, but by Friday morning, the issue was resolved after the crew members spoke with the ship's Captain.

Royal Caribbean Cruises Ltd posted an update today, where it provided a glimpse at the business impact of the current global health crisis.

All of its cruises are cancelled through at least June 11, 2020, and it said "continued disruptions to travel and port operations in various regions may result in further suspensions."

Interestingly, booking volumes are not as bad as some thought. Royal Caribbean started 2020 in a strong booked position and at higher prices on a prior year comparable basis.

Royal Caribbean announced it has expanded its popular "Cruise with Confidence" program that allows guests to cancel cruises up to 48 hours before sailing.

In an effort to provide peace of mind to cruisers, new and existing bookings created by August 1, 2020 have the flexibility to cancel their cruise up to 48 hours prior to sailing and receive a full credit of the cruise fare for a future cruise through April 2022. 

In addition, Royal Caribbean has also enhanced “Cruise with Confidence” with new rebooking options. 

Royal Caribbean Cruises Ltd. announced today all of its brands will extend their voluntary suspension of cruises for an additional 30 days because of the coronavirus pandemic.

All sailings are cancelled through May 11, 2020. Alaska, Canada and New England sailings are cancelled through June 30, 2020 due to port closures.

This affects Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises.

Royal Caribbean expects to resume service on May 12, 2020, with sailings to Alaska, Canada and New England resuming service on July 1, 2020.

Royal Caribbean Cruises on Monday announced it has received a $2.2 billion revolving credit line to help the company's financial situation.

The announcement was made in an effort to bolster its finances in the face of a cruise industry hurt by the coronavirus.

The addition of this load means Royal Caribbean says it has over $3.6 billion on hand in the form of cash deposits and other existing, revolving credit that has not been used.

In addition, the company has committed financing for all of its new ships on order.

Royal Caribbean will put off its plans to upgrade Allure of the Seas and Explorer of the Seas in Europe, due to the effects coronavirus around the world.

Royal Caribbean Blog first reported that the cruise line confirmed it will not go forward with the scheduled upgrade work on either ship.

Allure of the Seas was scheduled to have her dry dock begin last week, and Explorer of the Seas next month.