Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Are Dropping Today
Cruise ship stocks fell on Wednesday after Norwegian Cruise Line Holdings (NYSE: NCLH) extended the suspension of its voyages for several more months.
As of 11 a.m. EDT, shares of Norwegian, Royal Caribbean (NYSE: RCL), and Carnival (NYSE: CCL) (NYSE: CUK) were down 7%, 8%, and 6%, respectively.
After the market close on Tuesday, Norwegian announced that it was suspending nearly all voyages across its Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands that were scheduled to embark between Aug. 1 and Sept. 30. Only its Alaska voyages departing from Seattle in September are excluded from the voyage cancellations.
Source Fool.com
