Royal Caribbean Cruises Ltd. (RCL) raised its full-year outlook following its robust second-quarter performance, as pent-up demand boosts cruise companies’ prospects. The company reported a second-quarter adjusted EPS of $1.82, topping expectations of $1.55. Following this, RCL raised its annual adjusted profit outlook to $6.00-$6.20 per share.
On the other hand, although cruise vacations have been popular for customers looking to enjoy cheaper travel, cruise companies have signaled to raise their itinerary prices as occupancy approaches pre-pandemic levels.
