Royal Caribbean: Light at the End of the Tunnel Despite Persistent Challenges

To say it hasn’t been a good year for cruise line operators would be underselling the disaster 2020 has been. Amongst a sea of hurting industries, the pain inflicted by the coronavirus on cruise lines has arguably been second to none.However, following the delivery of its quarterly results on Monday, Royal Caribbean (RCL) shares popped by a handy 16%.Not that the surge came off the back of an estimate trouncing report. With no meaningful sailing to report in the quarter, revenue dropped year-over-year by a dispiriting 94% to $175 million, although the top line figure did manage to beat the …read more

Source:: Yahoo Finance