Royal Caribbean Warns a Sailing Ban Beyond the Third Quarter Could Materially Undermine Business
As long as the sailing industry is able to get back to booking cruises by late summer, Royal Caribbean (NYSE: RCL) says its business will survive. The confined quarters of a cruise ship, where some widespread COVID-19 outbreaks occurred, may present a larger challenge. Royal Caribbean's earnings were worse than expected, with adjusted losses of $6.90 per share.