Whoever invested in Royal Caribbean (RCL) a month ago has seen returns in the shape of 45%. As liquidity boosting measures have been put in place, and cruise lines are aiming to resume operations later in the year, optimism has sent these stocks soaring. Zoom out though, and on a year-to-date basis, RCL is still sinking 59% into the red.This fact indicates how far the industry has fallen since the pandemic