rules; cruise lines didn’t qualify for loans or relief grants from the massive $2-trillion coronavirus relief package the U.S government put in place on mid-2020. Therefore, companies have had to resort to their own means to obtain financing (issuance of bonds, Convertible notes, loans, capital increases, etc.) and have suffered high losses due to the lack of cash flow and the high interest rates of the loans. Number of Cruise Passengers of the biggest Cruise Lines 2017-2022 14,0 12,0 10,0 8,0 6,0 4,0 2,0 0,0 2017 2018 2019 2020 2021 2022 . Carnival 12,1 12,4 12,9 3,4 1,2 7,7 . Royal Caribbean 5,8 6 6,5 1,3 1 5,5 . Norwegian 2,5 2,8 2,7 0,5 0,2 0,7 Source: Carnival Corporation & PLC, Royal Caribbean Group and Norwegian Cruise Line Annual Reports Total Revenue of the biggest Cruise Lines 2017-2022 $25,0 $20,0 $15,0 $10,0 $5,0 $- 2017 2018 2019 2020 2021 2022 . Carnival $17,5 $18,9 $20,8 $5,6 $1,9 $12,2 . Royal Caribbean $8,8 $9,5 $11,0 $2,2 $1,5 $8,8 . Norwegian $5,4 $6,1 $6,5 $1,3 $0,6 $4,4 Source: Carnival Corporation & PLC, Royal Caribbean Group and Norwegian Cruise Line Annual Reports 56 SPAIN-US CHAMBER MARKET REPORT snoilliMsnoilliB