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Why Cruise Stocks Sank Today
In cruise news today, shares of Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) are all down, falling 2.1%, 3.8%, and 7.6%, respectively, as of 11:30 a.m. EST. It said that although it’s not quite profitable yet, with 40% of its capacity operating again by the end of the quarter and 57.4% occupancy rates, it’s on track to reach a “crucial inflection point” in the first quarter 2022 with operating cash flow turning positive.
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