Royal Caribbean Cruises Ltd. declared On Tuesday morning, it was decided to extend the suspension of most voyages until September 15th. The announcement said that Chinese sails were suspended until the end of July, and sailing along its line in Bermuda would not resume until October 31.
This happens a few days after the International Cruise Line Association (CLIA) announced most cruise lines will voluntarily extend the suspension operations from US ports until September 15th.
Due to the risk of a second wave of coronavirus in the United States, Royal Caribbean delays the Bermuda line approximately 45 days after the September 15 CLIA extension. If a full-blown viral pandemic occurs in the fall, this suggests that the Bermuda segment could be disconnected before the end of the year.
Royal Caribbean shares jumped nearly 300% from a low (19.25) of March 18 to a maximum of 75.48 on June 8. Since then, the price has fallen by 33% to 52 on Tuesday – as you can see, investors are far ahead of fundamental indicators. ,
Since the founder of Barstool Sports, Dave Portnoy, the largest cruise liner on social networks, told his 1.5 followers “cruise liners are ready to take off again” – the price of shares in Royal Caribbean initially increased on his tweet, but fell to the level of preceding the tweet
Royal Caribbean was one of Robinhood’s most beloved stocks – account holders fell from 4,000 in early March to nearly 240,000 on June 22.
If there is no vaccine and there are confirmed cases of virus infection, the cruise industry will remain dead this year – any additional expansion of the industry can be devastating, especially for shareholders, and is likely to reverse the share price for many shares of cruise ships, which would leave a millennium-old generation traders like bagholders.