Shipwreck or Smooth Sailing?

One of the worst hit industries by the corona virus has been the cruise line industry, especially the three headed sea monsters that dominate the industry (Royal Caribbean, Norwegian, and Carnival). While it would be easy to bet that things will be bleak for these companies for many months to come, their continuous requests for funding have been keeping them afloat and providing investors with somewhat confidence these three stocks can at least get washed up on a shore. With Norwegian (NCLH) announcing its earnings for Q2 tomorrow at 10 am, the immediate stock reaction will most likely be the direction it chooses in the short term, but its long term fate is still up to Captain’s orders.

-Darnel Shillingford

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