3 Hopeful Things to Say About Royal Caribbean's Ugly Quarter
Thursday morning's third-quarter report was pretty rough for Royal Caribbean (NYSE: RCL). The world's second largest cruise line by revenue (which recently surpassed larger rival Carnival (NYSE: CCL)(NYSE: CUK) for top honors by market cap) posted a larger-than-expected loss on negative revenue.
The numbers are brutal, and with Europe resuming lockdowns amid the second wave of the COVID-19 crisis and U.S. daily cases at new highs, it's easy to wonder when things will start to get better. Rather than fret about the $1.2 billion adjusted loss and the negative -- yes, negative -- revenue for the third quarter, let's take a look at some of the positive things out of Royal Caribbean's report.
Image source: Royal Caribbean.
Source Fool.com
