Royal Caribbean Group chief executive Jason Liberty looks eagerly forward to a long-awaited return to full cruising, even as his company continues to log quarterly losses in the billions of dollars thanks to Covid-19.

The Miami-based owner of 63 ships posted a $1.17bn net loss for the first quarter, deeper than the $1.13bn in red ink during the same period last year.

New York-listed Royal Caribbean reported an adjusted net loss of $1.16bn,