It May Be Time to Worry About Cruise Line Stocks
Norwegian Cruise Line (NYSE: NCLH) has canceled all its cruises until Oct. 1. Carnival (NYSE: CCL) and Royal Caribbean (NYSE: RCL) have not done the same as both technically still have sailings on the books for August, but whether those will happen and/or what they will look like remains very much in doubt.
The hard reality is that cruise lines don't have approval from the Centers for Disease Control to head back to sea. They also don't have permission to land in most ports, and it's unclear when they will get either of those.
Cruises with limited passenger loads, testing, temperature checks, masks, and distancing measures that stop only at private islands may return. Cruising as we know it, however, won't return until there's a vaccine, a treatment, or the pandemic ends.
Source Fool.com
