Covid Outbreak on Royal Caribbean Cruise Infects 48 People

Over the weekend, four dozen passengers and crew members tested positive for Covid-19 on a Royal Caribbean (NYSE: RCL) cruise ship. Details: There were over 6,000 passengers aboard the 7-day Symphony of the Seas Cruise that began and ended in Miami. 95% of all passengers were vaccinated, including 98% of the people who tested positive for Covid-19. All passengers age 12 and older had to be vaccinated. Background: The pandemic has taken its toll on the cruise industry. While sailings are back, there are fears that the Omicron variant could force another shutdown in the industry. Numbers: Shares of Royal Caribbean are up 2.39% this year, but down 17.15% in the last six months. The stock has not recovered to pre-pandemic levels. Final Thoughts: Last month, Royal Caribbean also announced that CFO Jason Liberty will be taking over the CEO role from Richard Fain in January. Hope you enjoyed this commentary. Please subscribe to Early Bird, a free daily newsletter that helps you identify investment trends: https://earlybird.email/