Wall Street is hopeful that the cruise industry will bounce back as early as late 2021.
News & Analysis: Royal Caribbean
The cruises are also the first to originate from the country.
There was some hopeful news from the cruise ship operator, but the industry is still struggling.
Upwork, Royal Caribbean, and Snap have posted double-digit gains in an otherwise problematic trading week for investors.
RCL earnings call for the period ending December 31, 2020.
Long-term demand for cruises remains surprisingly strong.
The cruise ship operator was just given a little more breathing room to survive the global pandemic.
Despite the downgrades, faster vaccination rates promise a return to cruising sooner rather than later.
The cruise company recently had to cancel several cruises due to surging COVID-19 infection rates.
The divestment of the relatively small line will give the company a bit of cash to help survive a very trying period.