Carnival stock rises after cruise operator announces 75% of fleet capacity will return this year

carnival stock rises after cruise operator announces 75 of fleet capacity will return this year

Sumary of Carnival stock rises after cruise operator announces 75% of fleet capacity will return this year:

  • The company will resume operations with 54 ships across eight of its nine brands.
  • On Monday, Carnival fell 5.7% amid concerns about the spread of the Covid delta variant and after an appeals court handed down a decision on Saturday that would temporarily keep in place pandemic restrictions on the industry.
  • The cruise industry is among the last to return to pre-pandemic operations after there were several high-profile outbreaks aboard ships at the beginning of the health crisis.
  • The Centers for Disease Control and Prevention imposed strict health guidelines on the industry to prevent further outbreaks.

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