Royal Caribbean Extends Shutdown and Its Much-Expanded Cancellation Policy

Royal Caribbean (NYSE: RCL) has been shut down since mid-March. The cruise line has been forced to keep all of its ships docked as the coronavirus pandemic has spread around the world.

While any future reopening dates are essentially a guess, Royal Caribbean has voluntarily suspended its operations until May 11. The company is, however, taking reservations for future trips, and it's trying to encourage customers to make those bookings.

Royal Caribbean plans at least a roughly two-month shutdown. Image source: Royal Caribbean.

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Source Fool.com