Why Carnival Stock Popped Today
Shares of Carnival (NYSE: CCL) had jumped a solid 3% as of 9:45 a.m. EDT on Thursday after the cruise line announced it is on track to have 50% of its fleet sailing again by October, and 65% by the end of the year.
In its press release this morning, Carnival said that by the end of October, it will have resumed operations on 42 ships covering eight of its cruise line brands: Carnival, Princess, Holland America, Seabourn, Costa, AIDA, P&O, and Cunard. And the company said it aims to have nearly 65% of its capacity in service to begin the new year.
The company said its "gradual, phased-in approach" using what it called enhanced protocols, vaccinated cruises, and updated testing and masking policies will enable it to conduct sailings from major ports around the world, including the U.S., Mexico, the Caribbean, the U.K., Western Europe, and the Mediterranean.
Source Fool.com
