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Why Carnival, Norwegian Cruise, and Spirit Airlines Stocks Popped Today
Memo to the CDC: Could you please decide on a single message about COVID-19 and cruise tourism? Yesterday, however, in a move diametrically opposed to that warning the CDC said it will allow its Conditional Sailing Order, which was designed “to mitigate the COVID-19 risk to passengers and crew, prevent the further spread of COVID-19 from cruise ships into U.S. communities, and protect public health and safety,” to lapse. Cruise line stocks are reacting positively to the news, with shares of Carnival (NYSE: CCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) up 3% and 4.8%, respectively, as of 2:45 p.m. ET.
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