Norwegian Cruise Line Holdings
said Tuesday evening that it will suspend the majority of its journeys through at least Sept. 30. The stocks of the big three cruise stocks are falling in the trading parts.
The company has said it will suspend all travel from August. 1 and Sept. 30, but excluding Seattle-based Alaska travel in September. Beyond that, the Norwegian is canceling some of the New England and Canada trips in October, citing trips and port restrictions.
Norwegian shares (ticker: NCLH), down 11.7%, to $ 18.50 after trading hours. Stock Carnival (CCL) fell 7.6%, while
Royal Caribbean Cruises
(RCL) the stock decreased by 6.4%.
All three suspended cruises in mid-March, just as the US began to adopt physical departure from guidelines and stay-at-home orders. Cruise stocks have struggled, as companies burned cash amid the travel industry to stop it.
Cruise lines have been among the most visible of the industries outside of China that were shattered early by the new coronavirus. Before the World Health Organization even called Covid-19 a global pandemic, there were news reports of the spread of the virus on board these ships.
The Centers for Disease Control and Prevention (no sailing so currently traveling July 24. But the CDC said Monday did not have enough information to say when it will be safe to sail with passengers.
The carnival established a plan in May to eventually resume North America crossings from Miami, Port Canaveral, Florida, and Galveston, Texas, with eight August departure ships. 1. Royal Caribbean chief executive Richard Fain said on CNBC in May that his company was hoping to resume sailing in August. 1, but indicated that he did not do so, “until we are sure that we have done everything we can to protect the safety of our customers and crew members.”
Write to Connor Smith, at[email protected]