Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cruise Lines Up Again on Testing, Sailing Hopes

Published 10/06/2020, 10:59 AM
Updated 10/06/2020, 11:00 AM
© Reuters.

By Christiana Sciaudone

Investing.com --  Cruise lines are back in the green, again, with Royal Caribbean (NYSE:RCL) saying it will test all crew and passengers, and Carnival (NYSE:CUK) Corp. saying the companies are collaborating with the White House and CDC.

Royal Caribbean rose 6.3% on Tuesday, Carnival and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH)n were up 6%.

When Royal Caribbean resumes sailing, it intends to test every passenger and crew member. Royal Caribbean Chief Executive Officer Richard Fain said no other section of the travel industry has 100% testing.

"In fact, no other industry in the world requires 100 percent testing. The closest anyone comes is the bubble that was organized to the NBA teams and that's been so very successful," Fain said on the Royal Caribbean blog.

Carnival Chief Executive Officer Arnold Donald said that there is constant dialogue ongoing in the U.S. for a potential cruise restart, according to Cruise Industry News.

Donald did not comment on a meeting with the White House, which has been delayed. He is optimistic the industry is in a position to collaborate with the CDC and current White House administration to resume cruising in the United States this year, Donald said.

Separately, Norwegian announced it is suspending global cruise voyages between Nov. 1 through Nov. 30 for its three cruise brands.   

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.