Royal Caribbean stock rises as executives tout ‘remarkable’ demand for 2021 cruises – CNBC
Shares of Royal Caribbean jumped 10% Monday after executives said there was pent-up demand and “remarkable” bookings for its international cruises in 2021, despite reporting a $1.6 billion loss for the second quarter and a cash burn rate in excess of $250 million a month.
The industry suspended global operations about five months ago after several outbreaks of the coronavirus left passengers and crew under quarantine aboard ships, drawing international attention. Much of the cruise industry, in…
