Cruise Operator Genting H.K. Reports $1.7 Billion Loss

The company is facing an existential threat due to insufficient financial resources, exacerbated by the COVID-19 pandemic. The pandemic has led to the suspension of cruise operations and reduced capacity, causing financial strain. To navigate this crisis, the company is considering various financial strategies, including issuing new shares, raising liquidity, restructuring debt, and requesting a debt holiday.

What is the primary reason the company is facing an existential threat?

• Environmental regulations

• Lack of skilled workforce

• Technological obsolescence

• Insufficient financial resources

How has the pandemic affected the company's cruise operations?

• Introduction of new cruise ships

• Increased demand for cruises

• Expansion of cruise routes

• Suspension of cruise operations

What operational change was made to cruises in Singapore due to COVID-19?

• Cruises were extended in duration

• Capacity was reduced to 25%

• New destinations were added

• Cruises were canceled entirely

Which financial strategy is NOT being considered by the company?

• Requesting a debt holiday

• Issuing new shares

• Raising liquidity through debt

• Investing in new technology

What is one of the measures the company is considering to improve its financial position?

• Expanding cruise destinations

• Increasing ticket prices

• Allocating new shares

• Reducing staff salaries