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Markets News

Royal Caribbean reports quarterly loss of $1.35 billion

Oct 29 (Reuters) - Royal Caribbean Group reported a net loss for the third straight quarter on Thursday, as the cruise operator suffered from a COVID-19-driven halt to voyages.

The Miami, Florida-based company posted a net attributable loss of $1.35 billion, or $6.29 per share, in the quarter ended Sept. 30, compared to a profit of $883.2 million, or $4.20 per share, a year earlier.

The company also said it expects to incur a net loss for the final quarter of the year. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Patrick Graham)

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