Why Norwegian Cruise Lines Plummeted 70.6% in March
Shares of Norwegian Cruise Lines (NYSE: NCLH) fell 70.6% in March, according to S&P Global Market Intelligence. Like the other major cruise lines, Norwegian suffered due to the outbreak of COVID-19 across the globe, which prompted all cruise companies to suspend service indefinitely. Although Norwegian has given a date of May 10 for the potential resumption of services, that date has already been extended once, and likely will be again.
However, cruise line operators have an additional problem, and one that goes beyond those of other similarly hit industries.
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Source Fool.com
