Airlines... maybe.
Cruise stocks, I think not.
My reasons are as follows:
- the US gov’t will support airlines as essential
- It won’t support cruise lines, as they are largely non-American in terms of ship flagging and employees
- Personally, I could see myself on an airplane after things die down with a couple hundred people and a face mask for a few hours,
- But not on a ship for a couple of weeks with several thousand people.
I don’t think people will be as eager to cruise as they were for a while. Flying will come back first.
As soon as I bought Delta, I heard Buffett sold all his. Figures. My investing is like slow Joe’s foreign policy advice. Do the opposite as fast as you can.
People buy tickets on airplanes for many, many more reasons than they buy tickets on a cruise ship.
Another reason to buy airline stock and not cruise ship stocks.