Media reports from the USA say that last week, cruise line stocks had a Black Friday morning to forget.
Cruise stocks fell on opening well into the red on fears of a new coronavirus variant coming out of South Africa that could lead to new travel restrictions.
Reports say that by fifteen minutes after the opening bell, Carnival Corporation stocks were down over 10%, falling below $18.00.
Royal Caribbean Cruises fell 10% down to $70.20, while Norwegian Cruise Line Holdings was down over 8% to $20.62.
Lindblad Expeditions saw a smaller hit, down just over 5% to $15.31.
The full impact of the new Omicron variant, including its potential spread, efficacy of vaccinations, potential international and Australian domestic border closures, international travel bans, is as yet unknown, in addition to what impact it might have on the return of cruising to Australia.
Written by: John Alwyn-Jones, Cruise Editor.
Cruise line stocks fall on news of new COVID variant
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