Why Carnival, Royal Caribbean, and Norwegian Cruise Stocks Just Got Torpedoed and Are Going Down
America's cruise lines are extending their involuntary corona-cation -- but this time they're doing so voluntarily.
Just before 2 p.m. Friday, the Cruise Lines International Association (CLIA), the trade association representing Carnival Corporation (NYSE: CCL) (NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH), among others, announced that "the association's ocean-going cruise line members will voluntarily extend the suspension of cruise operations from U.S. ports until 15 September 2020."
As of 2:25 p.m. EDT, shares of Carnival stock are down 5.1%, Norwegian Cruise Line Holdings is down 5.8%, and Royal Caribbean is suffering worst of all -- down 6.3%.
Source Fool.com
