Why Royal Caribbean, Carnival, and Norwegian Cruise Line Stocks Plunged Today

What happened

Shares of Royal Caribbean (NYSE:RCL) sank on Tuesday after the cruise ship company said it was seeking to raise another $1 billion to fund its operations during the coronavirus pandemic. Fellow cruise ship operators Carnival (NYSE:CCL) (NYSE:CUK) and Norwegian Cruise Line Holdings (NASDAQ:NCLH) also fell on the news.

As of 10:40 a.m. EDT, Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings were down 10%, 6%, and 6%, respectively.

So what

With most of its fleet unable to leave port due to COVID-related sailing restrictions, Royal Caribbean has suffered heavy losses during the coronavirus crisis. In just the first six months of 2020, it generated a net loss of $3.1 billion. 

Unfortunately, those losses are set to grow even larger in the coming months. Royal Caribbean said that while it hopes to resume voyages by Dec. 1, it could “provide no assurance” that it will be able to restart

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Carnival, Royal Caribbean, and Norwegian Cruise Line Might Not Sail Until 2021

Carnival (NYSE:CCL)(NYSE:CUK) tried to dip its feet into the chilly November waters, but it’s now joining its smaller rivals in hoping for a December relaunch. Things could get worse. If the Centers for Disease Control and Prevention (CDC) reportedly has its way, we may have to wait until at least February to get the out-of-favor cruising industry back in business. 

The moment the CDC extended its No Sail Order until the end of October, we saw Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line Holdings (NASDAQ:NCLH) cancel all U.S.-originating sailings until early December. With the CDC extending the order a few times now — and often near the end of the travel ban — they didn’t want to be caught with displaced passengers scrambling at the port for nixed voyages. Carnival initially decided on a clever gamble. It would move most of its future cruises until at least December, but

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Carnival cancels November sailings from Port Canaveral, Miami

Dave Berman
| Florida Today

Carnival Cruise Line on Monday canceled its November sailings from Port Canaveral, saying they “will not be feasible,” even if a federal no-sail order is lifted by then.

Cruising has been shut down at Port Canaveral and other U.S. ports since mid-March because of the coronavirus pandemic.

Carnival was hoping to resume sailings from Port Canaveral and PortMiami in November, assuming the Centers for Diseases Control and Prevention does not extend its no-sail order beyond its current Oct. 31 end date.

But Carnival on Monday announced it will wait until at least December to start sailing again.

More: Federal ‘no-sail order’ for cruise ships extended again, now until Oct. 31

More: Port Canaveral commissioners OKs budget that includes reduced payments to Sheriff’s Office

“Carnival continues to work on protocols and procedures that would allow for the resumption of cruise operations, with a gradual, phased-in approach,

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Carnival Cruise Line cancels cruises through November


Cruisers disembark from the Carnival Sensation at PortMiami on Monday, March 9, 2020, one day after the U.S. Centers for Disease Control and Prevention advised all Americans to avoid cruise ships because they are exceptionally dangerous for COVID-19 spread.

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Less than two weeks after Carnival Cruise Line said it would begin to restart cruises from PortMiami and Port Canaveral on Nov. 1, on Monday the company canceled all cruises through the end of November.

Cruises are currently banned in the U.S. through Oct. 31 after the White House blocked the U.S. Centers for Disease Control and Prevention from extending its “no-sail” order until February 2021 as it had planned. The industry first shut down passenger cruises in mid-March amid COVID-19 outbreaks on several ships.

Carnival Cruise Line was the only major cruise company that said it intended to restart limited cruising Nov. 1. All others previously canceled

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Carnival Cruise Line Cancels Miami And Port Canaveral Cruises For November 2020

MIAMI, Oct. 12, 2020 /PRNewswire/ — Carnival Cruise Line has notified guests and travel agents that it is cancelling the remaining cruises for the six total ships operating from PortMiami and Port Canaveral for November 2020. 

It has also cancelled five cruises scheduled to operate from Sydney, Australia from Jan. 16 – Feb. 8, 2021.

Following the U.S. Centers for Disease Control’s (CDC) decision to extend its no-sail order for cruise operations until Oct. 31, Carnival cancelled all but PortMiami and Port Canaveral cruises for the rest of the year.  It has now determined that November 2020 operations will not be feasible.

Carnival continues to work on protocols and procedures that would allow for the resumption of cruise operations, with a gradual, phased-in approach, designating Miami and Port Canaveral as the first two homeports for embarkations.  Cruises currently scheduled for December from those two homeports remain in

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Carnival cruise brands Costa, AIDA return to seas in Europe

While would-be cruise passengers in the U.S. remain on dry land amid the COVID-19 pandemic, some European cruise lines have been able to return to the seas.

Carnival Corporation said on Thursday that one of its European cruise brands has resumed limited operations and another is set to soon.

In Italy, the Costa Deliziosa and Costa Diadema have already carried guests on successful voyages after its coronavirus shutdown, and the German cruise line AIDA is set to return to sailing next week, according to Carnival.


Arnold Donald, president and CEO of Carnival Corp., said in a written statement that the company has “come full circle from initiating a suspension in the early days of the pandemic, to transitioning the fleet into a pause status, right sizing our organization and, now, embarking on the phased resumption of

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Carnival Cruise Update Doesn’t Stop the Bleeding

Marina113 / Getty ImagesOn September 30, the U.S. Centers for Disease Control and Prevention (CDC) extended for another month its no-sail order for cruise ships. The current date for lifting the ban is October 31. The CDC had proposed extending the order through mid-February, but the Trump administration blocked the longer extension after Florida’s tourism industry made clear its strong opposition to the four-and-a-half month ban.

Over the past month, shares of Carnival Corp. & PLC (NYSE: CCL) had seen its share price plunge nearly 26%, before recovering about half the loss as of Wednesday’s close. The company issued a business update on Thursday morning that is weighing on shares again, however.

Carnival has restarted sailing on two ships of its Costa Cruises line and plans to begin sailing on its AIDA line. The company said the first cruises will sail with fewer passengers and enforce enhanced health protocols.

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Reservations Open For Carnival Celebration Debuting In 2022, As Part Of Carnival Cruise Line’s 50th Birthday

MIAMI, Oct. 8, 2020 /PRNewswire/ — Reservations are now open for Carnival Celebration, Carnival Cruise Line’s newest ship set to debut in November 2022 as part of the company’s 50th birthday.

A sister to the line’s first XL-class ship, Mardi Gras, Carnival Celebration will debut with an inaugural 14-day Carnival Journeys cruise Nov. 6, 2022, followed by the launch of year-round service from PortMiami Nov. 21, 2022.  The addition of Carnival Celebration to Miami will maintain PortMiami’s position as the top embarkation port for Carnival Cruise Line.

Carnival Celebration will include many of the features that have made Mardi Gras one of the most anticipated ships in cruising, including BOLT, the first roller coaster at sea, along with other unique design features created specifically for this vessel. 

Carnival’s 50th Birthday celebration kicks off in March 2022 – the company’s birthday month – with a

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Why Carnival, Norwegian Cruise Line, and Royal Caribbean Stocks All Popped Today

What happened

It was a slow start today, but as the day wore on, shares of cruise ship operators Carnival (NYSE:CCL), Norwegian Cruise Line Holdings (NASDAQ:NCLH), and Royal Caribbean Group (NYSE:RCL) all weighed anchor and set sail in afternoon trading. By close of trading Wednesday, shares of Carnival ended 5.3% higher, Norwegian notched a 4.5% gain, and even Royal Caribbean edged up 2.8%.

Cruise ship next to a sunny beach with palm trees

Image source: Getty Images.

So what

Just before noon, J.P. Morgan gave a lift to the entire industry when it declared itself “incrementally bullish” on cruise operators, and raised its price targets across the board: It hiked Carnival stock to $17 a share, raised Norwegian Cruise to $22, and took Royal Caribbean higher to $79.  

The analysts are currently attending the four-day Seatrade Cruise Virtual industry conference (the source of several bullish comments from cruise company CEOs earlier this week), and their big takeaway from

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Carnival Stock Should Do Well Once Cruises Resume

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Carnival Corp. (NYSE:CCL) is likely planning on resuming cruises next month assuming the CDC allows this. If that happens the company’s cash burn should improve greatly. This could be a huge catalyst for CCL stock despite potential ongoing losses.

CCL stock has been under severe stress all year, down 70% year-to-date and 63% in the past year. In the past month alone, the stock is down 17%. This is indicative of a company that is losing a good deal of money.

New Cruises From Lifted No-Sail Order

On Sept. 30 the White House overruled the Centers for Disease Control (CDC) from extending its no-sail order beyond Oct. 31. In effect, the government sided with the cruise industry that is chafing under the existing restrictions. It looks like they are going to try to start cruising after this.

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