Rising crude oil sends NCLH down 5%, CCL down 4%, and RCL down 3%, as higher fuel costs flow straight through to cruise margins with no company-specific news driving the moves.
Royal Caribbean's $78 billion market cap and 9% year-to-date gain cushion the oil shock far better than Norwegian's smaller, more leveraged balance sheet.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Royal Caribbean Cruises didn't make the cut. Grab the names FREE today.
Cruise operators are falling in step with rising crude oil, a rare case where a same-day macro move maps straight to an operating cost line. Fuel is a direct operating cost for cruise ships, so higher oil prices flow straight through to margins.
Norwegian Cruise Line (NYSE:NCLH) stock is down 5% to $16.50 by midday Thursday. Carnival (NYSE:CCL) shares are down 4% to $25.65, while Royal Caribbean Group (NYSE:RCL) stock is sliding 3% to $290.76.
#down #cruise #straight
Royal Caribbean's $78 billion market cap and 9% year-to-date gain cushion the oil shock far better than Norwegian's smaller, more leveraged balance sheet.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Royal Caribbean Cruises didn't make the cut. Grab the names FREE today.
Cruise operators are falling in step with rising crude oil, a rare case where a same-day macro move maps straight to an operating cost line. Fuel is a direct operating cost for cruise ships, so higher oil prices flow straight through to margins.
Norwegian Cruise Line (NYSE:NCLH) stock is down 5% to $16.50 by midday Thursday. Carnival (NYSE:CCL) shares are down 4% to $25.65, while Royal Caribbean Group (NYSE:RCL) stock is sliding 3% to $290.76.
#down #cruise #straight
2 months ago
