While 2021 will be a year of transition for the company, as business gradually re-opens following a hiatus of over a year, 2022 is looking much stronger, with consensus estimates pointing to revenues of about $6 billion, just slightly below the $6.5 billion in revenue the company posted in 2019. This could give potential cruise customers confidence that cruising is a relatively safe activity post-vaccination. Separately, the CDC also recently issued new guidelines easing mask-wearing requirements and social-distancing guidelines for fully vaccinated passengers on cruises. Cruise companies had previously canceled their trips to Alaska, which is a popular summer cruising destination. Alaska Tourism Restoration Act, which temporarily enables cruise ships to sail to Alaska, bypassing a legal requirement to make a stop at ports in Canada, which has banned cruses until 2022. Moreover, the company said that it would begin cruising to Alaska from early August following the passage of the U.S. around early August, it says that it now plans to operate 23 of its 28 ships through early 2022. While Norwegian is likely to start cruises from the U.S. There have been multiple positive developments for the company in recent weeks, with the re-opening of the company’s cruising operations likely to happen sooner than anticipated. Norwegian Cruise Line stock (NYSE: NCLH) has rallied by almost 20% over the last month, compared to the S&P 500 which gained just about 1% over the same period. Is Norwegian Cruise Line Stock Still A Buy After Rallying 20% Over The Last Month? See our analysis on Norwegian Cruise Line Stock Chances Of Rise for an overview of how NCLH stock has fared recently and how it compared to its peers. Considering that cruise ships emerged as a major hotspot during the first wave of the pandemic back in March 2020, some customers might be more apprehensive to book cruises at this point, potentially threatening the recovery of the industry, which is only slowly resuming activity after about 15 months of shutdown. cases is driven by the highly infectious Delta variant of the virus, against which vaccines are apparently less effective. While the cruising industry has taken multiple steps to adapt to the new realities of sailing during Covid-19, including reducing capacity, requiring vaccinations for staff, and Covid-19 tests for passengers, the recent developments are likely concerning investors. Covid-19 cases have also risen considerably, with the seven-day moving average of new cases growing to levels of around 86,000 as of August 2, up about 4x over the last month. The recent decline comes as six passengers (four of whom were vaccinated) onboard rival Royal Caribbean’s RCL Adventure of the Seas cruise tested positive for Covid-19. Norwegian Cruise Line stock (NYSE: NCLH) has declined by almost 9% over the last week (five trading days), compared to the S&P 500 which was down by about 1% over the same period. What’s Happening With Norwegian Cruise Line Stock?
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