3 Things Royal Caribbean Stock Bulls Need to Happen Soon
COVID-19 has knocked down the entire travel industry, and cruise-ship operators, in particular, have had to suspend operations completely because of the pandemic. Royal Caribbean Cruises (NYSE: RCL) has had to take extraordinary measures to survive, but for a while, investors liked what they saw. The stock more than tripled between mid-March and early June on hopes that things could return to normal in short order.
However, a resurgence of coronavirus cases has sent shares of Royal Caribbean and its peers downward once again. That doesn't mean that Royal Caribbean is doomed, but it does indicate that the cruise-ship giant needs to have some things go right in order to mount a permanent rebound. Here are three of the most important milestones Royal Caribbean needs to achieve.
The biggest concern among cruise operators is the past track record of health issues that have come up repeatedly on cruise ships. Congressional committee members and regulators at the Centers for Disease Control and Prevention have called on the entire industry to ramp up their safety protocols to address what many see as a problem that dates back well before the start of the coronavirus crisis.
Source Fool.com
