Why Norwegian Cruise Line Holdings Surged 49.6% in April
Shares of Norwegian Cruise Line Holdings (NYSE: NCLH) rose 49.6% in April, according to data from S&P Global Market Intelligence. The cruise line operator had been absolutely battered in the month of March, plummeting 70.6% as the COVID-19 pandemic swept across the world.
The outbreak led to cruises being halted for an unknown amount of time. And since cruise companies have certain fixed costs and high debt, they may be candidates for bankruptcy. And yet, Norwegian, along with its peers, bounced back in April off their lows. How'd that happen?
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Source Fool.com
