Let's see if my math is correct, if it is RCL has a much bigger problem than I thought. So based on this table RCL took on about $11 billion in additional debt from 2019 to the end of 2021.
From a recent article on Cruisehive RCL has about 90,000 berths at double occupancy.
"In total, Royal Caribbean’s fleet can welcome as many as 89,700 guests at a single time at double occupancy (nearly 113,000 when fully booked with all berths filled)."
So let's assume RCL was going to pay off the debt in one year. If you divide $11B by 365 you get about $30 million per day. So this means that RCL would need to generate another $30 million in income every day of the year to pay down the debt to 2019 levels in one year.
Let's say the extend the payment time to 10 years, then they would only need to generate an additional $3 million a day in 10 years
Based on RCL's double occupancy berths of 90,000, this means that every passenger would need to pay an additional $33/day every day of the year to pay down the debt in 10 years, not accounting for interest. Also assumes that the ships are sailing at 100% capacity.
Is everyone prepared to spend an additional $233 per week to pay off the Covid debt?