Shares of Cruise Lines Jump After CDC Ends COVID-19 Program

Shares of cruise lines, including Carnival Corp., Royal Caribbean, and NCLH, rose on 19JUL after the U.S. Center for Disease Control (CDC) ended its COVID-19 program for cruise ships, reports CNBC. Carnival shares rose 7 per cent on 19JUL to close at USD $10.36, while Royal Caribbean shares gained almost 6 per cent to USD $36.36 and NCLH shares rose around 3.5 per cent to USD $12.85.

The program, which became voluntary earlier in 2022, required all pax to be vaccinated, and outlined specific quarantine measures in the event of an outbreak, among other measures. The removal of the program is expected to give cruise lines more flexibility to operate, says CNBC.

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