Can Cruise Line Stocks Hang On Until November?
It's been a week since Norwegian Cruise Line Holdings (NYSE: NCLH) pushed out all of its future sailings through the end of October. It's no longer alone. Larger rivals Carnival (NYSE: CCL) (NYSE: CUK) and Royal Caribbean Group (NYSE: RCL) announced on Wednesday they would be canceling all of their cruises until November.
Wednesday's shift was a coordinated move by members of the Cruise Lines International Association to voluntarily bump their travel resumption dates through the end of October. It's a more defensive stance than the Centers for Disease Control and Prevention's latest No-Sail Order, which only nixes voyages through the end of September.
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Source Fool.com
