Carnival, Royal Caribbean, and Norwegian Cruise Line Have a Lot to Prove This Week
This is a big week for the cruise line industry. The U.S. Centers for Disease Control and Prevention's (CDC) ban on sailing -- the infamous "No Sail Order" -- is set to expire on Saturday night. Will Carnival (NYSE: CCL)(NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) finally receive regulatory clearance to get back to the cruising business?
The cruise lines don't currently have any stateside sailings scheduled until the start of December, giving them all of November as a buffer from the order if it does in fact expire. With COVID-19 cases inching higher it wouldn't be a surprise if the CDC extends the deadline. What started originally as a 30-day ban on March 14 has been pushed out three times this year, with the length of the extensions varying along the way. In short, Halloween is going to be trick-or-treat time for the industry.
Image source: Getty Images.
Source Fool.com
