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2021-12-30

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Carnival Has Seen a Spike in Covid-19 Cases. But It Hasn’t Hurt the Stock.

Cruise lines are facing a wave of Covid-19 cases, with dozens of ships under investigation by the Ce

Carnival Has Seen a Spike in Covid-19 Cases. But It Hasn’t Hurt the Stock.

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But it doesn’t seem to be hurting stocks.</p><p>With the more contagious Omicron variant of coronavirus spreading—causing the U.S. to notch a new daily record for Covid-19 infections—cruise ships operating in American waters haven’t been able to outsail the virus.</p><p>There are 86 ships with reported cases of Covid-19, which meets the threshold for a CDC investigation, according to a list published by the agency, up from just 53 ships last week.</p><p>The threshold for CDC investigation is cases reported in 0.1% or more of passengers; if a ship has 6,500 passengers, seven cases is enough to begin an investigation. In an investigation, cruise lines and the CDC work together to protect those on board and ensure that shipboard medical resources aren’t overwhelmed, the agency said.</p><p>Of the 86 ships being investigated or monitored by the CDC, 32 are owned by Carnival (ticker: CCL). Another 25 belong to Royal Caribbean (RCL), and 15 are Norwegian Cruise Line Holdings (NCLH) ships. 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But It Hasn’t Hurt the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-29 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/carnival-has-seen-a-spike-in-covid-cases-but-it-hasnt-hurt-the-stock-51640784835?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cruise lines are facing a wave of Covid-19 cases, with dozens of ships under investigation by the Centers for Disease Control and Prevention amid onboard outbreaks. But it doesn’t seem to be hurting ...</p>\n\n<a href=\"https://www.barrons.com/articles/carnival-has-seen-a-spike-in-covid-cases-but-it-hasnt-hurt-the-stock-51640784835?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CCL":"嘉年华邮轮"},"source_url":"https://www.barrons.com/articles/carnival-has-seen-a-spike-in-covid-cases-but-it-hasnt-hurt-the-stock-51640784835?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187882427","content_text":"Cruise lines are facing a wave of Covid-19 cases, with dozens of ships under investigation by the Centers for Disease Control and Prevention amid onboard outbreaks. But it doesn’t seem to be hurting stocks.With the more contagious Omicron variant of coronavirus spreading—causing the U.S. to notch a new daily record for Covid-19 infections—cruise ships operating in American waters haven’t been able to outsail the virus.There are 86 ships with reported cases of Covid-19, which meets the threshold for a CDC investigation, according to a list published by the agency, up from just 53 ships last week.The threshold for CDC investigation is cases reported in 0.1% or more of passengers; if a ship has 6,500 passengers, seven cases is enough to begin an investigation. In an investigation, cruise lines and the CDC work together to protect those on board and ensure that shipboard medical resources aren’t overwhelmed, the agency said.Of the 86 ships being investigated or monitored by the CDC, 32 are owned by Carnival (ticker: CCL). Another 25 belong to Royal Caribbean (RCL), and 15 are Norwegian Cruise Line Holdings (NCLH) ships. But that hasn’t stopped a rise in cruise stocks.Shares in Carnival are flirting with six-week highs and have climbed more than 27% in December. Royal Caribbean stock has risen nearly 22% over the same period and Norwegian shares lifted more than 23%. Yet all three stocks—like many in the travel sector—remain below levels seen before the beginning of the Covid-19 pandemic.In the month before the Omicron variant became widely known, the cruise industry was returning to normal, after U.S. cruises resumed in June following almost two years of disruption. Norwegian’s CEO said in October that 21 of the line’s 28 vessels return to normal operations this year, up from the eight then on the water.And with Omicron changing the landscape of Covid-19 in the U.S., some lawmakers are again turning their attention to cruises.“Cruises are repeating recent history as petri dishes of COVID infection,” Sen. Richard Blumenthal of Connecticut said via Twitter Tuesday, calling on the CDC and cruise lines to dock their ships in an effort to protect consumers.Many of the high-profile outbreaks of coronavirus early on in the pandemic occurred on cruise ships, where thousands of passengers live in proximity, and the CDC acknowledges that “cruising will always pose some risk of Covid-19 transmission.”Major cruise lines including Carnival, Royal Caribbean, and Norwegian require passengers and crew to be vaccinated, with some select exemptions based on medical grounds.","news_type":1},"isVote":1,"tweetType":1,"viewCount":853,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}