Royal Caribbean Stock: Is All The Good News Priced In?

Royal Caribbean Stock: Is All The Good News Priced In?

Share to Linkedin Royal Caribbean stock (NYSE: RCL) has rallied by almost 17% over last month, as the company expects to resume some of its most important cruises earlier than anticipated. This S&P 500, in comparison, has remained almost flat over the same period. Here's a quick look at what's been driving the rally, and what the outlook could be like for the stock. Firstly, the company said that it would begin cruising to Alaska from July following the passage of the U. S. Alaska Tourism Restoration Act, which temporarily enables cruise ships to sail to Alaska, bypassing a legal requirement to make a stop at ports in Canada, which has banned cruses until 2022. Cruise companies had previously canceled their trips to Alaska, which is a very popular summer cruising destination. Separately, Royal Caribbean also intends to resume revenue-generating cruises out of Fort Lauderdale Florida from June 26, after its Celebrity Edge ship was approved by the Centers for Disease Control and Prevention to resume sailing. This is likely to be the first U. S. departing cruise since around April 2020 with paying passengers. For perspective, the company and investors were initially looking at a July restart. Moreover, the