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Royal Caribbean Falls on Earnings Miss, Delta Variant
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Cruise Stocks Tumble As First US Cruise Ship Takes Departure
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Captain Kate Takes Back The Helm After 15 Months
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By Jonathan Levin (Bloomberg) A Celebrity Cruises ship left the coast of Florida on Saturday, becoming the first revenue-earning cruise to depart from the U.S. after a pandemic-induced hiatus.
Guests on Celebrity Edge, operated under the broader Royal Caribbean Group umbrella, flashed their vaccination cards as they filed through lines. The company says 99% of guests are vaccinated, and the ship set sail at about 40% of its normal capacity of about 2,900. Health surveys were filled out digitally before boarding.
After a pause of more than 15 months, the departure marks the industry’s biggest step yet in returning to a business hit hard since the start of the outbreak. As guests checked in at designated times at Port Everglades in Fort Lauderdale to limit crowds, there’s a sense of optimism on what this journey brings to the future of cruises.
Carnival Sees Full Fleet Sailing by Spring 2022
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By Jonathan Levin (Bloomberg)
Cruise-line stocks led by Norwegian Cruise Line Holdings Ltd. climbed Friday after the Senate passed legislation to help the companies resume sailings to Alaska, a key destination for the industry during the North American summer.
Norwegian was up as much as 7.4% to $28.39 in New York, its biggest gain in three weeks. Carnival Corp., the industry leader, rose as much as 7.1%, while Royal Caribbean Cruises Ltd. gained as much as 6.9%.
The Senate measure seeks to get around Canada’s ban on cruising until 2022, which was enacted over concern about Covid-19. Maritime law bars foreign-flagged ships from transporting passengers directly between two U.S. ports, so Alaska voyages typically stop in Canada.