The Latest Breaking News from Royal Caribbean Cruises Ltd

Concerns over a possible recession because of the Fed’s aggressive interest rate hike to control the surging inflation have led to massive selling pressure in the stock market over the past few weeks. Despite significant price declines, large-cap stocks Uber Technologies (UBER), NIO (NIO), Snap (SNAP), Lucid Group (LCID), and…

Many U.S. stocks dipped in price considerably last month on a widespread market sell-off amid rising macro headwinds. Furthermore, the Fed this week raised interest rates by 50 basis points to tame inflationary pressures, which could potentially spook all equities into correction territory this month. With this potential in mind,…

Royal Caribbean Cruises Ltd (NYSE:RCL) reported fourth-quarter FY21 sales of $982.25 million, missing the analyst consensus of $1.04 billion. The passenger ticket revenue for the quarter amounted to $617.4 million. Total cruise operating expenses totaled $1.14 billion. The operating loss for the quarter was $(1.03) billion. The cruise operator registered a 59.3%…