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Cruise Liners Slip After Cases of Covid Outbreaks on Ships -Breaking

by Mike Robinson

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© Reuters

By Dhirendra Tripathi

Investing.com – Shares of cruise operators traded lower on Monday as cases of Covid-19 outbreak on board the running ships continue to rock the companies.

Norwegian Line (NYSE: ) declined 3.2% Royal Caribbean Both Carnival (NYSE) Corporation and Cruises(NYSE:) both lost about 2.4%.

There were at least three cases of illness that affected cruise ships owned by Royal Caribbean or Carnival last week.  

Royal Caribbean-operated Symphony of the Seas — the world’s biggest cruise ship– had 48 guests and crew members test positive on the ship that first sailed December 11. This was confirmed last Monday. Royal Caribbean reported that 6,091 passengers were aboard the ship. 98% of people who test positive for flu were properly vaccinated.

Cruise operators have been among the worst hit by the pandemic as lockdowns and aversion to travel, particularly discretionary, dealt a big blow to companies’ health.

The strict conditions imposed by the Centers for Disease Control and Prevention for cruise operators have resulted also in increased costs. That strict regime has been maintained despite occasional outbreaks of disease have made it difficult for many to travel freely without being subjected to tests or other restrictions.

 

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