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Royal Caribbean Is a More Investable Cruise Line

Royal Caribbean Is a More Investable Cruise Line InvestorPlace 1 day ago Royal Caribbean Holdings (NYSE: Carnival Cruise Lines (NYSE: CCL). But as the market opened April 9, the market capitalization of RCL stock was two-thirds that of its larger rival. © Provided by InvestorPlace Royal Caribbean (RCL) ship Allure of the Seas, docked. The difference is in how Royal Caribbean has handled the pandemic. Royal Caribbean was founded by the merger of three Norwegian shippers in 1968 and merged with Greece-based Celebrity in 1997. The company also owns a line called Silversea, a purchase completed just last July. It recently sold its luxury Azamara line to private equity. During the novel coronavirus pandemic, Royal Caribbean also closed a Spanish line called Pullmantur, which it hopes to relaunch under Spanish bankruptcy laws.

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