Is Florida Fumbling the Cruise Line Recovery?
This was supposed to be a summer of love for the cruise line industry, but the bounce for Carnival (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) is starting to take on water. Florida has gone from being a state that was at one point backing the three Miami-based cruise lines in efforts to resume operations to one that's become a hindrance to the restart process.
Carnival -- the world's largest cruise line -- has just one cruise ship currently sailing out of Florida. Royal Caribbean and Norwegian Cruise Line are also finding it hard to build momentum during the peak summer travel season. With the U.S. Centers for Disease Control and Prevention (CDC) and Florida Governor Ron DeSantis trading shots in disagreeing with sailing guidelines, it's the cruise lines that are now caught in the crossfire. Shareholders and cruise line fans are starting to pay the price.
Image source: Getty Images.
Source Fool.com
