Royal Caribbean Cruises revealed that it has $2.45 billion in cash and cash equivalents.
The cruise company that it had cash of approximately $2.3 billion as of April 30. it also mentioned that on May 4 it boosted its 364-day senior secured credit facility and drew $150 million.
"These are unprecedented times for all of us. Travel restrictions and stay-at-home orders are important to slowing the spread of the virus, but they have severely impacted our operations," Royal Caribbean CEO Richard Fain said in the statement.
As of March 31, the company had $2.4 billion in customer deposits.
The company projects monthly cash burn of $250 million to $275 million ,while its cruise ships remain docked amid Covid-19 crisis.
Its debt maturities are $400 million this year and $900 million next year.