The Latest Breaking News from Jason Liberty

The cruise line has had a rough couple of years. Is it ready for a comeback?

The cruise industry, including Royal Caribbean, Carnival, and Norwegian, may be facing some rough seas ahead.

Royal Caribbean Cruises Ltd (NYSE:RCL) reported first-quarter FY22 sales of $1.06 billion versus $42 million last year, missing the consensus of $1.15 billion. Passenger ticket revenues rose to $651.8 million versus $20.8 million last year. Cruise operating expense for the quarter was $1.2 billion compared to $283 million last year. The operating loss…

But look on the bright side, cruise fans: at least all the risk warnings have been eliminated.

Royal Caribbean Cruises Ltd (NYSE:RCL) reported fourth-quarter FY21 sales of $982.25 million, missing the analyst consensus of $1.04 billion. The passenger ticket revenue for the quarter amounted to $617.4 million. Total cruise operating expenses totaled $1.14 billion. The operating loss for the quarter was $(1.03) billion. The cruise operator registered a 59.3%…