Cruise demand rebounds above pre-Iran conflict levels, boosting Royal Caribbean shares.

Royal Caribbean reported a strong recovery in cruise bookings, with demand now exceeding levels seen before the Iran conflict. Despite a slowdown in March and April, bookings have rebounded, driving a sharp rise in the company's stock. However, the company issued a cautious outlook for the current quarter and full year, citing challenges from increased travel costs and disrupted plans, especially for Mediterranean cruises. This recovery signals renewed traveler confidence but also highlights ongoing risks in the travel sector due to geopolitical tensions.