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Cruise Lines Up Again on Testing, Sailing Hopes

Published 07/10/2020, 01:59 am
Updated 07/10/2020, 02:00 am
© Reuters.
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By Christiana Sciaudone

Investing.com --  Cruise lines are back in the green, again, with Royal Caribbean (NYSE:RCL) saying it will test all crew and passengers, and Carnival (NYSE:CUK) Corp. saying the companies are collaborating with the White House and CDC.

Royal Caribbean rose 6.3% on Tuesday, Carnival and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH)n were up 6%.

When Royal Caribbean resumes sailing, it intends to test every passenger and crew member. Royal Caribbean Chief Executive Officer Richard Fain said no other section of the travel industry has 100% testing.

"In fact, no other industry in the world requires 100 percent testing. The closest anyone comes is the bubble that was organized to the NBA teams and that's been so very successful," Fain said on the Royal Caribbean blog.

Carnival Chief Executive Officer Arnold Donald said that there is constant dialogue ongoing in the U.S. for a potential cruise restart, according to Cruise Industry News.

Donald did not comment on a meeting with the White House, which has been delayed. He is optimistic the industry is in a position to collaborate with the CDC and current White House administration to resume cruising in the United States this year, Donald said.

Separately, Norwegian announced it is suspending global cruise voyages between Nov. 1 through Nov. 30 for its three cruise brands.   

 

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