Why Royal Caribbean Was Sailing 10% Higher in December

Considering the omicron variant of COVID-19, it might be natural to believe Royal Caribbean (NYSE: RCL) would have run into a rogue wave in December, sinking its shares. Yet according to data provided by S&P Global Market Intelligence, the cruise ship operator's stock gained 10.1% for the month and it's tacked on another 5% so far in January.

Royal Caribbean still sits well below its 52-week highs, but the cruise line doesn't look like it's heading to Davy Jones' locker.

Image source: Getty Images.

Source Fool.com