Royal Caribbean Earnings: 1 Key Metric You Should Know
The cruise ship industry is arguably the most negatively affected by the coronavirus pandemic. Sailing came to an absolute halt at the pandemic's onset and only began to restart at a trickle.
With that fact in mind, the most important metric investors will want to know when Royal Caribbean (NYSE: RCL) reports earnings on Thursday, April 29, is how much cash the company is burning through every month.
To that end, here is what CFO Jason Liberty said in the company's fourth-quarter conference call: "This morning, we reaffirmed that the cash burn will be on average in the range of approximately $250 million to $290 million per month during a prolonged suspension of operations."
Source Fool.com
