Royal Caribbean Group (RCL) Misses Q2 EPS by $1.31, Revenue Beats

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Go back to Royal Caribbean Group (RCL) Misses Q2 EPS by $1.31, Revenue Beats

Royal Caribbean Group provides business update and reports on second quarter 2020

August 10, 2020 8:00 AM EDT

MIAMI, Aug. 10, 2020 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) today reported financial results for the second quarter of 2020 and commented on the business in light of the global COVID-19 pandemic.

Second Quarter 2020

Starting on March 13, 2020 and due to the COVID-19 pandemic, the Company suspended its global cruise operation. This resulted in the cancellation of all of the Company's second quarter sailings.

The Company reported US GAAP Net Loss for the second quarter of 2020 of $(1.6) billion or $(7.83) per share compared to US GAAP Net Income of $472.8 million... More