Will Carnival, Royal Caribbean, and Norwegian Cruise Line Sail Again Before 2021?
The cruise line industry is closing in on taking a gap year. Carnival's (NYSE: CCL) (NYSE: CUK) Princess cruise line announced on Wednesday afternoon that it's suspending nearly all of its cruise sailings until mid-December. Only its sailings in and out of Australia will be resuming operations earlier, and even those restart dates are being pushed to November.
Nobody wants to get back to cruising more than Carnival, Norwegian Cruise Line (NYSE: NCLH), and Royal Caribbean (NYSE: RCL). All three of the leading cruise line operators are losing a lot of money during the lull. Passengers booking and rebooking sailings are getting frustrated with the false starts. Crew members are likely seeking other lines of work. Nobody wins when sailing dates get pushed out -- and that includes shareholders.
Image source: Carnival Corp.
Source Fool.com
