Royal Caribbean posts loss, 'encouraged' by volume of 2021 bookings
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Royal Caribbean posted a $1.6 billion loss for the second quarter after the coronavirus pandemic forced the company to temporarily suspend operations around the globe.
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On March 13, the company ended all global voyages. Since then the company has continually extended its pause in operations in response to the ongoing pandemic. Its latest delay goes through Oct. 31.
Shares of Royal Caribbean spiked 10% on Monday.
CARNIVAL, ROYAL CARIBBEAN, AND NORWEGIAN CRUISE LINE HAVE 1 BIG POTENTIAL BLOCKADE