Cruise Line Stocks Drop on Friday on New COVID Variant Fears

Cruise line stocks opened well in the red on 26NOV due to fears that the new COVID-19 variant, Omicron, would lead to new travel restrictions. 15 minutes after opening, Carnival Corporation stocks were down by over 10 per cent, dipping below USD $18. Meanwhile, Royal Caribbean fell by around 10 per cent, Norwegian Cruise Line Holdings dropped by over 8 per cent, while Lindblad Expeditions dipped by just over 5 per cent.

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