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Benzinga
Benzinga
Business
Happy Mohamed

Why Royal Caribbean Stock Is Trading Higher Today

Royal Caribbean Carnival

Royal Caribbean (NYSE:RCL) shares are trading higher in sympathy with Carnival (NYSE:CCL), after the company provided a second quarter 2022 business update.

Revenue of Carnival increased by nearly 50% in the second quarter of 2022 compared to first quarter 2022, reflecting continued sequential improvement for all cruise lines. Occupancy in the second quarter of 2022 was 69%, an increase from 54% in the prior quarter.

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