Royal Caribbean Reports Third Straight $1 Billion Quarterly Loss
For the third time in three quarters, Royal Caribbean (NYSE: RCL) posted losses exceeding $1 billion Thursday, and also said it is burning through cash at a rate of $250 million to $290 million a month.
However, despite the seemingly dire results for a business that has been shut down for six months, shares of the cruise ship operator were rising today as the company suggested calmer seas were ahead.
Image source: Getty Images.
Source Fool.com
