Why Royal Caribbean, Carnival, and Norwegian Cruise Stocks Are All Up on Thursday
Royal Caribbean Group (NYSE: RCL) reported earnings this morning, and the news was not good. For the third pandemic-plagued quarter in a row, the cruise line's net loss was bigger than $1 billion -- $1.3 billion this time, or $6.29 per share. Perhaps even more shocking, Royal Caribbean reported negative revenue for the quarter, as a lack of cruising and refunds demanded by customers rolled back revenue to negative $33.7 million.
