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Carnival inventory increased after announcing the return of 75% of the fleet

The Carnival Liberty Cruise Ship docked to allow crew members to receive the COVID-19 vaccine at Port Canaveral, the first U.S. port to sponsor the distribution of the COVID-19 vaccine to port workers and crew. You will see it later.

Paul Hennessy | LightRocket | Getty Images

Carnival share surged 7% on Tuesday. The company has announced plans to resume guest cruises at 75% of total fleet capacity by the end of the year, despite concerns about the spread of the more infectious Delta Covid variant.

The company will resume operations on 54 vessels under eight of the nine brands. The Carnival Cruise Line, which has already resumed operations, plans to return the remaining nine ships to the fleet by the end of the year.

According to the company, these measures will increase Carnival’s total operating capacity to 75%.

In recent weeks, Carnival’s share price has fallen nearly 33% from its June 8 52-week high of $ 31.52. Year-to-date stock prices have fallen by more than 2%.

Royal Caribbean Cruises share rose more than 6% after falling nearly 4% on Monday, and Norwegian Cruise Line rose more than 7% after falling more than 5% on Monday.

On Monday, Carnival fell 5.7% amid concerns over the spread of the Covid Delta variant, after the Court of Appeals decided on Saturday to temporarily maintain pandemic restrictions on the industry.

The cruise industry is one of the last to return to pre-pandemic activity after some attention-grabbing outbreaks on board at the beginning of the health crisis. The Centers for Disease Control and Prevention has imposed strict health guidelines on the industry to prevent further outbreaks.

The Carnival Cruise Line resumed cruises from the United States on the first weekend of July after the cruise was suspended during the pandemic.

The company will begin requiring unvaccinated passengers to purchase travel insurance that covers Covid-related costs. Royal Caribbean Cruises also implements this policy.

Carnival inventory increased after announcing the return of 75% of the fleet

Source link Carnival inventory increased after announcing the return of 75% of the fleet

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