The new date is Dec 8, 2021.
Along with other travel-related stocks, shares of major cruise lines have recently staged a comeback and led a market surge on Wednesday, as investor concerns about the omicron variant abate amid news that vaccines are effective against it.
The shares of Carnival, Norwegian and Royal Caribbean continued to rise.
The Associated Press's Lynn Sladky reports.
The Norwegian Cruise Line, Carnival and Royal Caribbean Group all saw gains.
Travel-related stocks like cruises have led the market rebound as investors grow less fearful about the severity of the new variant, despite initial concerns about omicron.
The nation's top infectious disease expert, Dr Anthony Fauci, said recently initial data was "encouraging."
Despite the recent rally, cruise stocks have struggled this year, with shares of all three major operators still in the red for 2021, compared to a 26% gain for the benchmark S&P 500 index.
While Norwegian, Carnival and Royal Caribbean took huge losses during the Pandemic, quarterly revenue has increased as sailing has slowly resumed.
If the omicron variant causes another surge in global coronaviruses cases and travel restrictions, Carnival and Norwegian will face some challenges.
Continue watching after the ad Visit the Advertiser website.
According to a recent note from Truist Securities, major cruise operators like Carnival and Royal Caribbean will reduce ticket prices in the first half of 2022.
What to watch for.
According to a recent note from an analyst, consumer behavior surrounding travel should return to normal over the next year. Positive profits will be restored to major cruise operators and fleet redeployments will be well under way as customers return to the seas, she says.
Surprising fact.
Despite the recent Covid outbreak, customers are still taking cruises. The CDC confirmed Tuesday that at least 17 people on a Norwegian Cruise Line ship in New Orleans have tested positive for coronaviruses. The guests who tested positive were sent home to self-isolate, while Norwegian offered refunds to customers who wanted to cancel.
The key background is.
The recent stock market rebound has been led by companies linked to the economic recovery, including airlines, casinos and travel-related stocks. All three major operators had seen their shares fall since early October and remain down for the year.
The stock market rallied for a second day, as investors shook off their Omicron Fears.
There is avid outbreak from the Norwegian cruise ship.
Is the era of stay-at- home stocks over? Here is why the others have fallen.
