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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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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Asia Today: Sri Lanka confirms 321 cases in factory cluster | World

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You can vote today in South Carolina. Here’s where, how and why

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This article has been updated to include additional information.

Today is the first day of in-person absentee voting in South Carolina.

Any registered voter can vote absentee in this election because of the “State of Emergency” that was prompted by the coronavirus pandemic. Voters must go to their county elections office, complete an application for an absentee ballot and then cast their ballot. Many counties have satellite locations, as well.

Below are the sites, times and dates for in-person absentee voting in Greenville, Pickens and Anderson counties. For information for other counties, visit scvotes.gov, online, where a spreadsheet of locations can be found.

Greenville County in-person absentee voting sites

  • Voter Registration and Elections Office, 301 University Ridge, Suite 1900, in Greenville. Open weekdays from 8:30 a.m. to 5 p.m. from Oct. 5 to Nov. 2. Also open from 8:30 a.m. to 7 p.m. on Saturday, Oct. 24, and from
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Asia Today: India has another 75,800 cases, recovery high | World

Vardhan said the topmost priority will be given to frontline health care workers.

India is testing three potential vaccines, including one being developed jointly by the University of Oxford and pharma giant AstraZeneca.

That vaccine will be mass produced by India’s Serum Institute, the world’s biggest vaccine producer. The Serum Institute has said that it will produce 200 million doses of coronavirus vaccines for developing countries, including India.

In other developments from the Asia-Pacific region:

— Indonesia has surpassed 300,000 confirmed infections since the pandemic began. The Health Ministry on Sunday reported 3,992 new cases, taking the country’s total to 303,498. The ministry said 11,151 people have died of the disease, while 228,453 patients have recovered.

— South Korea has reported 64 new cases of the coronavirus, the fourth straight day its increase came below 100, possibly reflecting the fewer number of tests conducted during one of the biggest holidays

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Custom-made Air India One aircraft for VVIP travel to arrive from US today



a man standing in front of a truck


A custom-made B777 aircraft for VVIP travel will arrive in India on Thursday from the United States, according to a PTI news report.

The B777 (Air India One) aircraft will be used to fly the president, vice-president and the prime minister, according to government officials quoted in the report.

The plane’s delivery was scheduled by the aircraft manufacturer Boeing to Air India in August, but the delivery was delayed due to technical reasons.

Senior officials from Air India had earlier reached the US during the first half of August to receive the plane from Boeing, they added.

Air India One, the call sign of the aircraft, will land at the Delhi airport from Texas at around 3 pm on Thursday.

Meanwhile, another custom-made B777 plane for the travel of VVIP is likely to be received from Boeing later, according to the officials.

The PTI report said the initial expected delivery

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Air India One, Custom-made B777 Plane For VVIP Travel to Arrive in India Today

New Delhi: A custom-made B777 aircraft, which will be used to fly the president, vice president and the prime minister, arrived from the US in India on Thursday, said government officials. Also Read – Air India Orders Full Inquiry Into Technical Glitch Faced by Ram Nath Kovind’s Flight

The plane was scheduled to be delivered by aircraft manufacturer Boeing to Air India during August but the delivery was delayed due to technical reasons, the officials noted. Also Read – With US Missile Shields in Air India One, Indian PMs And Presidents to be Invincible in Air

Senior officials of the national carrier had reached the US during the first half of August to receive the plane from Boeing, the officials said. Also Read – PM Modi to get new Air India One aircrafts with state-of-the-art technology

Air India One, which is the call sign of the aircraft, landed at the

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Custom-made B777 plane for VVIP travel to arrive in India today

New Delhi: A custom-made B777 aircraft, which will be used to fly the president, vice president and the prime minister, is going to arrive from the US in India on Thursday, said government officials. The plane was scheduled to be delivered by aircraft manufacturer Boeing to Air India during August but the delivery was delayed due to technical reasons, the officials noted.

Senior officials of the national carrier had reached the US during the first half of August to receive the plane from Boeing, the officials said.

Air India One, which is the call sign of the aircraft, will land at the Delhi airport from Texas at around 3 pm on Thursday, they stated.

Another custom-made B777 plane for the travel of VVIPs is likely to be received from Boeing during a later date, they noted.

It was expected that the delivery of these two planes, which are earmarked for

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Southwest is offering its coveted companion pass, which gives you buy-one-get-one-free tickets, if you book a flight today



a close up of a plane: Customers who book a flight by the end of September 24 and fly by November 15 will get a free companion pass, good for buy-one-get-one-free tickets between January 6 and February 28. Associated Press


© Associated Press
Customers who book a flight by the end of September 24 and fly by November 15 will get a free companion pass, good for buy-one-get-one-free tickets between January 6 and February 28. Associated Press

  • Southwest Airlines is offering a companion pass to passengers who book a flight by Thursday, September 24 and fly by November 15.
  • The companion pass, which is good from January 6 to February 28, 2021, lets travelers bring a guest for free, aside from $5.60 in taxes.
  • The promotion is part of Southwest’s effort to bring passengers back onto planes during the pandemic.
  • Visit Business Insider’s homepage for more stories.

Southwest Airlines is offering a rare incentive to get people back onto planes: its coveted companion pass.

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Customers who book a flight by the end of September 24 and fly by November 15 will get a free companion pass, good for

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Why Cruise Operators Are Sailing Higher Today

What happened

Shares of struggling cruise operators including Royal Caribbean Cruises (NYSE: RCL), Norwegian Cruise Line Holdings (NYSE: NCLH), and Carnival (NYSE: CCL) (NYSE: CUK) jumped higher today after an analyst weighed in on the sector.

Norwegian rose as much as 11%, Royal Caribbean 7%, and Carnival 8% before each settled down to slightly lower gains as of noon EDT.

So what

The industry continues to be severely impacted by COVID-19 restrictions, but Barclays’ analyst Felicia Hendrix upgraded the sector today, saying she thinks the industry is nearing an “inflection point.” 

cruise ship visiting port

Image source: Carnival.

The analyst upgraded her ratings on all three cruise operators from equal weight to overweight today, though noted that it may still be early to realize the outperformance. She points out that though current sailing restrictions from the Centers for Disease Control and Prevention (CDC) end on Sept. 30, 2020, there is a likelihood

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