Cruise lines soared on Friday after Carnival Corp. reported second quarter earnings that revealed a few positive trends developing within the industry, after its business was decimated by COVID-19. The company said cumulative advanced booking for 2021 is "within historical ranges" with prices that are down slightly low to mid-single digits on a comparable basis.  Carnival saw revenue in the quarter fall 84% year-over-year, but revenue still managed to best analyst and its own estimates.
Continue Reading Cruise lines surge after Carnival reports 2021 demand "within historical ranges" (CCL, RCL, NCLH)