Cruise Line Stocks perform well in morning trading

Tiger Newspress2021-04-07

Shares of cruise operators Norwegian Cruise Line,Carnival Corp and Royal Caribbean Cruises Ltd gained between 4% and 7% in morning trading.

According to Wednesday morning following reports indicating the CDC has announced cruises could resume by mid-summer with restrictions.

While no specific date for resumption was given by the CDC, the public agency repeated how COVID-19 vaccination efforts will be critical in the safe resumption of passenger operations.

The CDC said as more people are fully vaccinated, a phased approach allows the CDC to incorporate advancements into planning for resumption of cruise ship travel when it is safe to do so. The public agency recommends that all eligible port personnel and travelers get a COVID-19 vaccine when one is available to them.

Norwegian Cruise Line Holdings plans a phased return to cruising. The cruise company unveiled a “two-pronged plan” with cruise resumption outside the United States from Jamaica, Dominican Republic, and Greece starting from July this year with the company’s ships including Norwegian Joy, Jade, and Gem.

Carnival Corp.’s bookings are accelerating, reflecting pent-up demand for cruising even as the industry remains essentially on hold.

In a quarterly update Wednesday, the company said booking volumes in the first quarter of 2021 were about 90% higher than in the fourth quarter of 2020. Cumulative advanced bookings for next year are ahead of 2019 levels.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • WayneLo
    2021-04-08
    WayneLo
    Ton of debts, really?
  • GodRevenge
    2021-04-08
    GodRevenge
    Keep it up! ?
  • Derrick3388
    2021-04-08
    Derrick3388
    Keep the momentum ?
  • Jassss
    2021-04-08
    Jassss
    Travel to resume soon?
  • Tatsuya
    2021-04-08
    Tatsuya
    After covid, I hope cruise line can recover. I want to take vacation with cruise line last year, but canceled because of covid.
  • kino318
    2021-04-08
    kino318
    Miss this. Hope can buy back
Leave a comment
12