"This is a very positive development for the world, and, of course, our company and our brands, as well as the cruise industry. It is too early at this point to determine the impact this may have on the conditional sail order in the U.S., if any,"Carnival shares soared about 36% on Monday, on pace for its best day ever as a public company. It went public in 1987.
Richard Fain, CEO of Royal Caribbean, has often called a vaccine the "ultimate weapon" to tackling Covid-19. Royal Caribbean rocketed up about 28%, on track for its best day since March. In the meantime, the cruise operators are working around the clock, setting up testing facilities for all crew and conducting simulated voyages with their new COVID protocols. Once deemed successful, CDC will provide the green light. Carnival, Royal Caribbean and Norwegian Cruise Line have suspended U.S. sailing for the remainder of 2020.
Norwegian Cruise Line reports quarterly earnings after the bell on Monday, where shareholders will want to know whether a January 2021 start-date is feasible.