Of the major cruise lines, Royal Caribbean (ticker: RCL) was one of the first to become profitable again after the COVID-19 pandemic. It is also trading higher now than it did just before the pandemic, which is near all-time highs.
RCL recently debuted their newest cruise ship, Icon of the Seas, which is the world’s largest cruise ship. All of its scheduled itineraries in 2024 are already sold out. Furthermore, RCL is reentering the Asia Pacific market. 2024 could be the year when Royal Caribbean breaks out as the world’s leading cruise line, with profits to show for it.