Royal Caribbean Group Provides Business Update And Reports On First Quarter 2020
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Royal Caribbean Cruises (RCL) Reports Q1 Loss of $1.48/sh
May 20, 2020 8:11 AM EDTRoyal Caribbean Cruises (NYSE: RCL) reported Q1 EPS of ($1.48), versus $1.31 reported last year. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $2.02 billion.
Update on Bookings
Prior to the outbreak of COVID-19, the Company started the year in a strong booked position and at higher prices on a prior year comparable basis. Given the impact of COVID-19, booking volumes for the remainder of 2020 are meaningfully lower than the same time last year at prices that are down... More
