Airline and Cruise Stocks Rally on Norwegian Cruise Earnings

Tiger Newspress10-29 22:09

Airline and cruise stocks rallied after Norwegian Cruise Line’s earnings results lifted sentiment across the travel and leisure sector.

Norwegian Cruise rose 11%; Royal Caribbean Cruises and Carnival rose 4%; JetBlue, United Airlines, Viking Holdings, American Airlines, Alaska Air, and Delta Air Lines rose 3%; Frontier Group Holdings and Boeing rose 2%; Southwest Airlines rose 1%.

Norwegian Cruise Line’s third-quarter profit rose and the cruise line raised its full-year outlook as it implemented the next phase of its turnaround effort.

It also named Meghan Montana as chief financial officer, effective Jan. 1. Montana, currently chief strategy officer, succeeds Mark Kempa, who is stepping down after more than 25 years at the company.

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