Why Carnival, Royal Caribbean, and Norwegian Cruise Line All Plunged Double Digits on Monday

Shares of Carnival (NYSE: CCL), Royal Caribbean Cruises (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) all fell double digits on Monday as the U.S. government extended a no-sail order that will keep cruise ships out of commission for the foreseeable future. 

Carnival's shares dropped as much as 11.8% and are down 8.5% at 11:50 a.m., Royal Caribbean dropped up to 15.3% and is now down 13.9%, and Norwegian Cruise Line plunged 16.2% and is now off 13.6%. 

Image source: Getty Images.

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Source Fool.com