Carnival, Royal Caribbean, and Norwegian Cruise Line Finally Have a Chance to Survive
Carnival (NYSE: CCL) (NYSE: CUK) canceled most of its sailings through the end of the year on Thursday, pushing some of its ship restarts well into 2021. This is normally bad news (and it is, on the surface), but there is a strong possibility that we are finally at the end of cruise cancellations.
It's also important that six ships aren't getting bumped off course. Those Carnival vessels will resume sailings next month, limited to departures out of Miami and Port Canaveral, Florida. Things could always change between now and the end of this month, but it does offer hope to Carnival and smaller rivals Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) that we are close to the first step of what promises to be a long voyage back to business as usual.
Carnival's Regal Princess in Istanbul. Image source: Carnival.
Source Fool.com
