Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Dropped Today
Cruise ship stocks fell on Tuesday after reports of more voyage delays surfaced. By the close of trading, shares of Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) were down 4.9% and 5.3%, respectively, while Carnival's two stocks Carnival Corporation (NYSE: CCL) and Carnival Plc (NYSE: CUK) were down 6.7% and 5.3%.
Carnival said late on Monday its new Mardi Gras ship will not enter service until Feb. 6. It was originally scheduled to set sail in November, but the coronavirus pandemic is forcing the company to alter its plans. Carnival was thus forced to cancel all of the ship's planned departures until the end of January.
Cruise ship stocks sank on Tuesday on news of more voyage delays. Image source: Getty Images.
Source Fool.com
