UPDATE 1-Royal Caribbean misses revenue estimates as Omicron, Ukraine crisis hamper demand

By Reuters

Royal Caribbean Group on Thursday missed Wall Street estimates for quarterly revenue, as a resurgence in COVID-19 infections in some parts of the world and Russia's invasion of Ukraine hampered people's travel plans. Shares of Royal Caribbean Group fell about 1% in pre-market trading even as the company said booking volumes in March and April were significantly higher compared to the same period in 2019. In March, Royal Caribbean Group joined rivals Norwegian Cruise Line Holdings Ltd and Carnival Corp in canceling sailings to Russia and said it was removing Russian port city St. Petersburg from its upcoming itineraries.

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Via:: Sports Headlines


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