Why Royal Caribbean, Carnival, and Norwegian Cruise Stocks Are All Up on Thursday

Rich Smith, The Motley Fool
·2-min read
Why Royal Caribbean, Carnival, and Norwegian Cruise Stocks Are All Up on Thursday
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.