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Playa Hotels & Resorts announces internal appointments in Jamaica eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
Three Months Ended March 31, 2021 Results Net Loss was $69.7 million compared to a Net Loss of $22.6 million in 2020. Net Loss for the three months ended March 31, 2021 includes $24.0 million of property and equipment impairment losses. Adjusted Net Loss Owned Resort EBITDA decreased 89.2% versus 2020 to $6.5 million. Adjusted EBITDA decreased 105.0% versus 2020 to $(2.5) million.
(1) Adjusted Net Income/(Loss) excludes special items, which are those items deemed not to be reflective of ongoing operations. See Definitions of Non-U.S. GAAP Measures and Operating Statistics for a description of how we compute Adjusted Net Income/(Loss) and other non-GAAP financial figures included in this press release. The first quarter finished on a strong note despite the change in international travel guidelines issued in January by the CDC. March was a very important milestone for Playa s recovery journey: it was the first mon ....