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.