Royal Caribbean loses $1.4 billion in first quarter
Cruise line suspended operations on March 13
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<p>SOUTHAMPTON, ENGLAND - OCTOBER 15: The world's largest cruise ship 'Oasis of the Seas' arrives in Southampton Water on October 15, 2014 in Southampton, England. The £800 million Royal Caribbean cruise ship will dock into Southampton for a one day stay stop before departing for the US. (Photo by Matt Cardy/Getty Images)</p>
Even though the loss was more than Wall Street expected, shares in the company’s stock rose more than 3% in early trading after the cruise ship company said its bookings for 2021 are within historical ranges.
Royal Caribbean suspended its global cruise operations on March 13, canceling 130 sailings during the quarter.
Royal Caribbean plans to resume at least some sailings on June 12.
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