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Royal Caribbean Outperforms Peers in Cruise Industry Recovery

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Business أخبار

Royal Caribbean,Cruise Industry,Covid Pandemic

Royal Caribbean has emerged as the leader in the cruise industry's recovery from the Covid pandemic, with the highest ticket revenue increase and a share price surpassing pre-pandemic levels. The company's success can be attributed to issuing the least amount of equity during the pandemic, effectively managing its cash position.

after the Centers for Disease Control and Prevention issued a no-sail order in March 2020 at the onset of the Covid pandemic in the U.S.

And Royal Caribbean has been leading the way. It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. And last month, its share price surpassed its pre-pandemic high. Carnival and Norwegian both trade more than 50% lower than their 2019 levels. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"The No. 1 reason why Royal Caribbean has outperformed its peers and recovered the fastest is because they issued the least amount of equity during the pandemic. All of the companies had to issue equity.

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