Why Cruise Line Stocks Plunged Again Today

·3 min read
Why Cruise Line Stocks Plunged Again Today

Not only is the broader market's decline dragging down their share prices, but there are also fears that the companies are seeing pricing pressure for tickets. Carnival (NYSE: CCL) fell by as much as 8.7% in early trading, while Royal Caribbean Cruises (NYSE: RCL) dipped as much as 8.4%, and Norwegian Cruise Line Holdings (NYSE: NCLH) dropped 9.2%. On Wednesday, Morgan Stanley analyst Jamie Rollo said in a report that he was worried that cruise line companies could ultimately face insolvency if their business conditions don't improve soon.

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