Free Republic

Norwegian Cruise Line Holdings Ltd, the operator of such brands as Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, announced in a press release today that all cruises taking place between November 1 and November 30 have been canceled. Not only that, but the company also announced it had suspended all voyages onboard Norwegian Star, Norwegian Spirit, and Norwegian Dawn through March 2021. With a combined fleet of 28 ships with approximately 59,150 berths, Norwegian is the third largest cruise operator globally, behind Carnival Corporation and Royal Caribbean. It comes as no surprise that Norwegian Cruise Line Holdings...

What’s next for Royal Caribbean (NYSE:RCL)? RCL stock has rebounded off last month’s lows as investors bet on a recovery post-novel coronavirus. Things may not be so dire for other hard-hit industries. But, for the cruise line industry, it’s a long road to recovery. Sure, you can make the argument that cruise ships aren’t toast. Once the pandemic subsides, cruise ships could make a comeback, as millions getting “cabin fever” right now decide to take long-overdue vacations. But this is assuming operations will resume within a few months. That’s the current projection, but with multiple stakeholders mulling when it’s safe...