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Royal Caribbean Cruises Ltd. (RCL)
78.70 +0.24 (0.31%)
After hours: 6:15PM EDT
- Zacks
Norwegian Cruise (NCLH) Posts Narrower-than-Expected Q1 Loss
Norwegian Cruise (NCLH) top line in first-quarter 2021 hurt by cancellation of voyages due to the pandemic.
- Motley Fool
Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Got Torpedoed Today
As of 1:50 p.m. EDT, shares of cruise giant Carnival (NYSE: CCL) (NYSE: CUK) had shed 5%, while Royal Caribbean (NYSE: RCL) was down 4.2%, and Norwegian Cruise Line Holdings (NYSE: NCLH) was off 3.4%. During an appearance this morning at an economic seminar presented by The Atlantic magazine, Treasury Secretary Janet Yellen said, "It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat."
- Motley Fool
What Is Royal Caribbean Going to Do With $5.1 Billion in Cash?
The U.S. Centers for Disease Control's decision to allow cruise ships to resume sailing by mid-July comes at just the right time for Royal Caribbean (NYSE: RCL), which just reported a $1.1 billion adjusted loss for the first quarter. The real benefit, though, is that the resumption of voyages comes as Royal Caribbean has accumulated a large stash of cash. With $5.1 billion in the bank (but $20.7 billion in debt to go with it), the cruise ship owner looks like it has the financial means available to finish riding out this storm.
