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Airline stocks, Cruise Stocks rally continues in morning trading

Tiger Newspress2021-07-21

(July 21) Airline stocks, Cruise Stocks rally continues in morning trading.

Shares of Carnival  rose over 3% in premarket trading, after the company said it plans to resume guest cruise operations across eight of its cruise line brands by the end of 2021. This would bring Carnival's total operating capacity to nearly 75% by the end of 2021.

A total of 54 ships across AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises, and Seabourn plan to resume operations by the end of 2021. Carnival Cruise Line plans to return its full fleet to service this year, which would bring a total of 63 ships back to operations in 2021.

Carnival stock has rebounded 32% over the last year but tumbled in June as it ran into some hurdles with the state of Florida's pushback over COVID-19 vaccine mandates, which Carnival views as important to making passengers feel safe on board.Cruise stockshave come under more selling pressure in July over a recent spike in COVID-19 cases.

Nonetheless, the updated roadmap on returning to normal operations gives investors some near-term visibility on Carnival's recovery. There seems to be tremendous pent-up demand for people to travel again. Carnival announced in early July that a 40-night winter sun Caribbean cruise on P&O Cruises sold out in the first day.

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.

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Comment98

  • IAS
    ·2021-07-22
    [Smile] 
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  • andrew123
    ·2021-07-22
    Nice. 
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    • mandyt25
      Personally still not very confident in airline stocks. But good if can hold for long term
      2021-07-22
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  • NgKenny
    ·2021-07-22
    Good
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  • DK21
    ·2021-07-22
    Slow recovery 
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  • mizseah
    ·2021-07-22
    Good news . Like and comment please
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  • Winyss10
    ·2021-07-22
    5 minutes ago
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  • Darylzhuo
    ·2021-07-22
    Please like and comment. 
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  • L8W
    ·2021-07-22
    Cool
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    • L8W
      Cool
      2021-07-22
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  • Humbledstox
    ·2021-07-22
    Good
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    • IAS
      Nice
      2021-07-22
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  • IZTan
    ·2021-07-22
    Up up up United Airline
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  • Korimerla
    ·2021-07-22
    Hope everything back to normal soon
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  • 1nu
    ·2021-07-22
    help me like and comment :)
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    • cghtkh
      ok
      2021-07-22
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  • SteveGoh
    ·2021-07-22
    Like and comment 
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    • 1nu
      help me like and comment :)
      2021-07-22
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  • SKK792004
    ·2021-07-22
    Nicely 
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    • stormlee
      Comment & like pls
      2021-07-22
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  • Louis82
    ·2021-07-22
    Hi
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    • stormlee
      Comment & like pls
      2021-07-22
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    • 1521yes
      like
      2021-07-22
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    • stormleeReplying to1521yes
      ?
      2021-07-26
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  • Kuxz2021
    ·2021-07-22
    Well done peeps! Look forward to see you all in the air ✈️@pinkishmin[Cool] 
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    • pinkishmin
      yayyyyyyyy soar even higherrrrrr!!! ?????
      2021-07-22
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    • Roarhigher
      Good!
      2021-07-22
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  • dofusbuthead
    ·2021-07-22
    Leggo
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    • stormlee
      Comment & like pls
      2021-07-22
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  • Penholder
    ·2021-07-22
    Hi
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  • cktana
    ·2021-07-22
    Hi
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    • Penholder
      Hi
      2021-07-22
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    • cktana
      hi
      2021-07-22
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  • ken26ksh
    ·2021-07-22
    Awesome, hope everyone wins big here ??????
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