Royal Caribbean Cruises (NYSE:RCL) confirms it plans to lay off or furlough about 1.3K of its 5K workers in the U.S. due to the "no sail order" amid the pandemic.
The company says a majority of those affected fall in the layoff category.
Royal Caribbean employs about 65K people globally.
Shares of Royal Caribbean ended the day at $36.98 vs. the 52-week trading range of $19.25 to $135.32.