CDC Delivers Crushing News for the Cruise Industry, Cruise Line Stocks
The cruise industry has ground to a complete halt due to the coronavirus pandemic. That has left Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL), and Norwegian Cruise Line (NYSE: NCLH) without any way to make money for the moment.
All three cruise lines had optimistic dates in mind for reopening at least some sailings. But now the Centers for Disease Control (CDC) in Atlanta has issued a new edict that could keep ships in port (or stuck at sea) for another 100 days. On the surface, that seems like terrible news for the cruise lines. The silver lining -- though admittedly a thin one -- is that the ruling at least sets parameters for a return.
All cruise lines are currently docked. Image source: Carnival.
Source Fool.com
