What's Going On With Royal Caribbean Cruises Stock

Royal Caribbean Cruises Ltd RCL shares are trading lower by 4.33% to $86.97 Monday morning. The Israel-Hamas conflict has led to a decline in the stock prices of airlines and cruise companies due to travel uncertainties.

U.S. airlines have suspended flights to Israel in response to rocket attacks by Hamas, the Palestinian militant organization in control of the Gaza Strip, resulting in casualties exceeding 1,100 people, including 700 Israelis, with over 2,000 injuries and numerous individuals held captive in Gaza.

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Geopolitical events can lead to a surge in booking cancellations. Passengers who have already booked cruises in the region may choose to cancel or reschedule their trips due to safety concerns. This can lead to a decline in revenue for Royal Caribbean if a significant number of passengers opt for cancellations.

Ports of call in the Mediterranean and surrounding areas may also be impacted by the conflict in terms of security and accessibility. If certain ports become inaccessible due to safety concerns, cruise lines like Royal Caribbean may need to make last-minute changes to their routes, potentially leading to additional costs and passenger dissatisfaction.

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According to data from Benzinga Pro, RCL has a 52-week high of $112.95 and a 52-week low of $38.84.