Royal Caribbean Group has returned to positive cash flow, become the second cruise major to report the achievement since the pandemic debilitated the entire industry more than two years ago.

The New York-listed owner of 64 cruise ships on Thursday posted $2.18bn in revenue and an operating loss of $219m for the second quarter.

It generated about $500m in cash flow, bringing in more cash than running costs for the first time since Covid-19 arrived in March 2020.

A year ago, Royal Caribbean achieved $50.9m