Norwegian Cruise Line Stock Keeps Cruising for a Bruising
If you're betting on when cruise lines will start sailing again you may as well take the over. Norwegian Cruise Line Holdings (NYSE: NCLH) became the latest operator to push out its restart date. Norwegian Cruise Line announced on Tuesday that it's canceling all of its May sailings. Carnival (NYSE: CCL) (NYSE: CUK) and Royal Caribbean (NYSE: RCL) are still hoping to get at least some of their vessels sailing in May, but we've seen the two larger players cave shortly after Norwegian Cruise Line moved its goal posts before.
It was less than a month ago that Norwegian Cruise Line nixed its April sailings. The cadence of the cancellations isn't kind. We're talking about another month of cash burn, but also another month of disgruntled passengers. It's also important to get into the mindset of the kind of person with a booking for an April and now May cruise that will never happen. These are likely people who already had a 2020 cruise wipe out, opting for enhanced future cruise credit on a springtime cruise the following year. We're talking about hardcore believers in Norwegian Cruise Line, and they're getting punished for their loyalty.
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Source Fool.com
