Will Carnival Stock Crash in 2021?
There aren't too many industries that have been hit as hard as cruise line stocks this year, and industry leader Carnival (NYSE: CCL)(NYSE: CUK) feels the pain. Almost none of its ships have been sailing with passengers since mid-March, and we don't know how deep into 2021 we'll get before most of Carnival's fleet is back in business.
We're now holding out for a February restart date for Carnival's namesake brand with many of its sister ships rescheduling a resumption of their sailings several months later for select vessels. The U.S. Centers for Disease Control and Prevention (CDC) has a conditional sail order in place, but the high hurdles to gain regulatory clearance to sail again are daunting. Each ship is facing requirements for on-board testing labs, restrictions on what passengers and crew members can do on the ship as well as on shore excursions, and the tall order of simulated cruises that must be completed successfully before revenue-generating itineraries can begin.
This year has been rough. Next year could be more of the same pain. Will Carnival stock crash in 2021? Let's size up the potential stumbling blocks that might sink the investing prospects of the world's largest cruise line operator.
Source Fool.com
