Royal Caribbean Posts Quarterly Loss, Sees Loss for Full Year

Royal Caribbean  (RCL) – Get Report posted a third-quarter loss as the cruise-ship operator continues to struggle through the coronavirus pandemic shutdown.

And while it can’t estimate long-term financial results due to the continued impact of Covid-19, the company expects to incur net losses for the fourth quarter and all of 2020.

Shares of the Miami company at last check slipped 0.2% to $53.01.

Royal Caribbean reported a net loss of $1.35 billion, or $6.29 a share, compared with net income of $883.2 million, or $4.20 a share, in the year-earlier period. 

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