Cruise Line Stocks Sank With Market This Week

Cruise line stocks fell hard on Monday 09MAR along with the rest of the stock market, caused in part by fears of an economic recession and further impacts from the war in Ukraine, reports Cruise Industry News. The stock market plunge accompanied cruise line quarterly reports of more huge losses, albeit smaller losses than previously in the pandemic.

Carnival Corp. closed at USD $14.14, dropping 11.18 per cent from its opening price. Coming off its Q1 earnings call, Royal Caribbean Group closed at USD $61.40 down from its opening price of USD $68.50. Ahead of its respective earnings call, Norwegian Cruise Line Holdings closed at USD $15.95 per cent, down from its opening price of USD $17.81.

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