Carnival, Royal Caribbean, and Norwegian Cruise Line Might Not Sail Until 2021
Carnival (NYSE: CCL)(NYSE: CUK) tried to dip its feet into the chilly November waters, but it's now joining its smaller rivals in hoping for a December relaunch. Things could get worse. If the Centers for Disease Control and Prevention (CDC) reportedly has its way, we may have to wait until at least February to get the out-of-favor cruising industry back in business.
The moment the CDC extended its No Sail Order until the end of October, we saw Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) cancel all U.S.-originating sailings until early December. With the CDC extending the order a few times now -- and often near the end of the travel ban -- they didn't want to be caught with displaced passengers scrambling at the port for nixed voyages. Carnival initially decided on a clever gamble. It would move most of its future cruises until at least December, but it held back on six ships that would start taking on passengers out of two Florida ports in November. The CDC was in a blinking contest with Carnival, and unfortunately for all three players it was Carnival that blinked first.
Image source: Getty Images.
Source Fool.com
