2 Cruise Stocks To Explore As Economy Reopens

May 25, 2021 05:23 PM PDT | By Team Kalkine Media

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2 Cruise Stocks To Explore As Economy Reopens — Image source: Andrii Yalanskyi,Shutterstock

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Summary

Carnival Corp to restart its U.S. cruise operations, starting with Alaska sailings in July.

Norwegian Cruise Line Holdings to start Alaska cruising from August.

With the easing of pandemic restrictions, hopes are high for cruise operators.

Cruise companies have suspended their operations in the U.S. for over one year since the coronavirus outbreak. The companies are now announcing their plans to restart the sailings in a phased manner.

We explore how Carnival Corporation & Plc (NYSE: CCL, CUK) and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) are charting their way back to the waters.

Carnival Corporation

This Miami-based cruise operator owns nine cruise line brands and has operations in most parts of the world, including North America and Europe.

In April, Carnival CEO Arnold Donald said the company’s bookings are accelerating. Carnival saw 90 percent higher volumes in the first quarter ended Feb. 28 than the fourth quarter of 2020 following a pent-up demand.

Donald noted that the increasing volume also reflects the “long-term potential” for cruising. Carnival said cumulative advanced bookings for 2022 are higher than the 2019 level despite minimal advertising or marketing.

Carnival’s cruise liners to start operations from ports in Europe and the Caribbean in the coming months. AIDA Cruises has resumed operations in the Canary Islands, Greece, and Germany. Plans are also afoot to start sailings to Alaska in July.

Carnival’s stock price has grown around 32 percent year to date, while surged almost 80 percent in the last one-year period.

Source: Pixabay.

Norwegian Cruise Line Holdings

Norwegian Cruise Line operates three cruise brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. The company to restart operations in the U.S. this summer. One of its cruise liners is scheduled to set sail from Seattle to Alaska on Aug. 7. However, it is subject to approval from the Centers for Disease Control and Prevention (CDC).

Norwegian Cruise Line has also announced its plans to restart cruise operations outside the U.S. across its three brands from July. It said that its bookings have been strong for future periods.

Norwegian Cruise Line noted that overall bookings, net cancellations during the first quarter were more than double the volumes in the previous quarter. The company’s aggregate booked position for the first six months of 2022 is higher than the 2019 levels.

The company’s stock rose 23 percent year to date, and it has doubled in one year.

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