Should I Buy Cruise Line Stocks?
The cruise industry has been hit by multiple major issues due to coronavirus. Ships, of course, have been docked since mid-March, with optimistic outlooks having a limited number returning to sea by mid-May. In addition, the industry faces negative perceptions, as people wonder if they're safe being in an enclosed space with so many others.
This has led to a cash crunch for Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL), and Norwegian Cruise Line (NYSE: NCLH). All these lines have handled that in different ways, with Royal tapping its credit line, Carnival raising $6 billion largely on unfavorable terms, and Norwegian, the smallest of the three, not having made any moves.
No cruise ships are operating at the moment. Image source: Getty Images.
Source Fool.com
