It's a Cruel Summer for Cruise-Line Stocks
A dream is a wish your heart makes, and Tuesday afternoon should've been when Disney's (NYSE: DIS) dream -- more specifically the Disney Dream cruise ship -- resumed passenger sailings for the first time in nearly 16 months. The entertainment giant with a fleet of four cruise ships was supposed to embark on a two-night test sailing for the Disney Dream out of Port Canaveral on Tuesday, but it had to postpone the voyage earlier this week after "inconsistent" COVID-19 test results.
This is the latest setback for the cruising industry. Royal Caribbean's (NYSE: RCL) Odyssey of the Seas was set to resume sailings this weekend, only to have to cancel the first four weeks of watery getaways after a handful of crew members tested positive for the COVID-19 virus.
It's not all bad news, though. Some ships are starting to generate revenue again. However, the peak summer travel season that once seemed so promising for Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings (NYSE: NCLH) is starting to fall apart.
Source Fool.com
