Airlines, Cruises, Casinos: Are Things Actually Looking Up?

Impact · against what's priced in

Royal Caribbean is the primary beneficiary as its raised EPS guidance provides evidence for the sustained double-digit growth the market has previously declined. Delta's results are largely noise as they confirm existing cyclical guidance, while Las Vegas Sands faces a significant negative catalyst from Macau revenue misses.

RCL+0.40

Challenges what's priced in

The price assumes

Sustained double-digit earnings growth through 2027