Why Cruise Stocks Rose Today
Cruise stocks floated higher on the back of a positive outlook from Norwegian Cruise Line Holdings (NYSE: NCLH) Tuesday. Norwegian noted that "net booking volumes have continued to improve sequentially" as the omicron wave of COVID-19 begins to subside. It expects to have its full fleet back in operation by the second half of this year, and as a result, "pricing for the first half, second half, and full year 2022 are above the record levels for the same time in 2019."
So, good news all around, and what's true for Norwegian is presumably true for its competitors, too. Still, I don't think that this is the biggest reason that shares of Norwegian stock are up 4.3% as of 10:55 a.m. ET Wednesday, or why rivals Royal Caribbean (NYSE: RCL) and Carnival (NYSE: CCL) are up 2.2% and 2.4%, respectively.
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Source Fool.com
