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Royal Caribbean and peers rise as investors look to 2021

Aug. 10, 2020 2:59 PM ETRoyal Caribbean Cruises Ltd. (RCL), CCL, NCLHRCL, CCL, NCLHBy: Clark Schultz, SA News Editor61 Comments
  • Royal Caribbean (RCL +10.1%) sees COVID-19 testing as very likely to be part of its new safety measures used to resume cruises.
  • "We have not yet reached a point in our protocols where we’re ready to publish and release for discussion. But it’s very likely that testing will occur," states Royal CEO Michael Bayley.
  • Former FDA Commissioner Scott Gottlieb is serving as co-chair of a group called the Healthy Sail Panel to assist Royal in mapping out a strategy.
  • Royal Caribbean expects the panel to approve a return-to-sailing plan by the end of the month for submission to the CDC.
  • Earlier today, alongside Q2 earnings, Royal Caribbean said booking trends for the second half of 2021 were encouraging.
  • Carnival (CCL +7.8%) and Norwegian Cruise Line Holdings (NCLH +8.3%) are also having a strong day.

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