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...The Cruise Lines International Association, whose members are responsible for 95 per cent of the world’s ocean-going cruise capacity, said that operators “remain vigilant in monitoring of safety systems...
...Globally, there are fewer than 300 cruise ships in operation, according to the Cruise Lines International Association, an industry body which represents 95 per cent of the world’s ocean-going cruise capacity...
...Their shares are up 141 per cent and 161 per cent, respectively, while smaller rival Norwegian Cruise Line has gained 77 per cent....
...Then Covid hit, bringing the price of cruise ships down dramatically. In October 2020, Koch, along with Elwartowski and Romundt, purchased an ex-P&O Cruises vessel at the knockdown price of $9.5mn....
...Cruise lines Royal Caribbean and Carnival are two of the 10 most heavily shorted companies in the S&P 500 but have confounded short sellers’ expectations by more than doubling in value so far this year....
...But some of the best-performing stocks of 2023 have been large cruise lines, now freighted with debt from pandemic shutdowns....
...In 2019, some 2mn Chinese tourists took a cruise, compared with 14mn people from the US, according to the Cruise Lines International Association, an industry trade body....
...Rivals Norwegian Cruise Line and Royal Caribbean are also benefiting, as more holidaymakers return to the sea as the pandemic fades....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...Also the highly leveraged cruise liners Carnival and Royal Caribbean, which could face serious trouble in a recession, are both up 55 per cent in the rally....
...Robert ArmstrongThe number three and four best-performing stocks in the S&P 500 with total returns of 144 and 125 per cent, respectively, are Royal Caribbean Cruises and Carnival Cruise Lines....
...Its sells were Halliburton, Norwegian Cruise Line, Royal Caribbean, United Airlines and Macy’s. How does any of that work? Dunno. There’s no way of asking....
...Jason Liberty, Royal Caribbean’s chief executive, told analysts on Thursday that demand for the coming nine months “is so much stronger than our already robust expectations”, as the cruise line operator...
...Other earnings: Aerospace and defence contractor Northrop Grumman, payments processor Mastercard, pharmaceutical company Bristol-Myers Squib, confectioner Hershey, cruise line Royal Caribbean, industrials...
...Still, investors should worry about cruise lines running out of steam. Even after a huge rally, the stock prices of cruise companies are well below pre-pandemic levels....
...Royal Caribbean, one of the world’s largest cruise lines, on Thursday said its business was “firing on all cylinders” because of “exceptionally strong” demand for cruises and a “step change” in bookings...
...lines, airlines, casinos) mixed in with those weak consumer names....
...Companies including Norwegian Cruise Line Holdings, aerospace and defence group TransDigm, beauty products company Coty and billboard advertising business Clear Channel Outdoor have done some of the largest...
...Then we crossed the line definitively, heading south into the clear blue Tapajós....
...Silversea Cruises, operated by Royal Caribbean, has planned cruises in Asia that would call at Hong Kong in early 2023, despite not stopping at mainland Chinese ports....
...Travel is a consistent theme: Royal Caribbean, Delta, American Airlines, and two casinos (MGM and Las Vegas Sands) are all in the top 10. Business travel is back....
...You might know the right-of-way rules, but you’d better steer clear of the Circle Line cruises that circumnavigate Manhattan. They will run you over....
...Hopes that the cruise line would forecast 2023 operating profits surpassing the pre-pandemic year, based on higher prices compensating for lower bookings, flew out the porthole....
...Around the same time, many Chinese-backed projects were announced, including a cruise ship terminal, a high-speed rail line to Costa Rica, a huge convention centre, the fourth bridge and a new Chinese embassy...
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