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Cruise Lines Spike on Another Attempt at Restarting Trips

Published 2020/09/03, 16:32
Updated 2020/09/03, 16:35
© Reuters.

By Christiana Sciaudone

Investing.com --  Investors really, really want to believe in a return to the old normal. 

Cruise lines are jumping on news that Carnival (NYSE:CUK)'s Italian arm will restart sailing on Sunday, followed by the German brand getting back to the seas on Nov. 1. 

Carnival shares rose 11%, Royal Caribbean (NYSE:RCL) was up 6.4% and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) gained 9.8%. 

Cruise lines have attempted to restart operations on several occasions, only to delay them as the coronavirus resurges in certain parts of the world. 

Italy-based Costa Cruises and Germany-based AIDA Cruises will begin in a gradual, phased-in manner with six ships and limited itineraries, becoming the first of the company's nine global cruise line brands to resume operations. 

The initial cruises will take place with adjusted passenger capacity and enhanced health protocols developed with government and health authorities to follow shoreside mitigation guidelines.

Costa Cruises is restarting sailing with two ships departing from Italian ports beginning Sept. 6. The one-week itineraries are being reserved exclusively for Italian guests.

AIDA Cruises will resume its cruise operations with two ships, sailing from the Canary Islands, followed by an additional two ships departing from the western Mediterranean and United Arab Emirates beginning in December.  




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