Cruise Stocks Fall as Investors Brace for Higher Fuel Costs

Dow Jones03-07 02:55

By Kelly Cloonan

Shares of cruise lines continued a multiday losing streak as oil prices spiked, paving the way for higher fuel costs that would hurt the companies' margins.

Norwegian Cruise Line and Carnival both slid by more than 4% on Friday, extending their week-to-date declines to more than 18%. Royal Caribbean fell 2.4% and is down 12% this week.

Fuel prices have climbed in recent days as the conflict in Iran drags on, disrupting supply across the Middle East. Tankers have stopped flowing through the key Strait of Hormuz, and some countries are slashing oil production as they run out of storage space, putting a bottleneck on supply.

Brent crude futures, the international benchmark, rose above $90 a barrel on Friday from $72 last week, signaling traders are increasingly concerned that the conflict could spark an energy shock.

Fuel poses a large cost for cruise lines, meaning the runup in prices is expected to dent profit.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

March 06, 2026 13:55 ET (18:55 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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