News

Impact of Israel Conflict on Cruise Operators

1 Mins read

Among the three major cruise operators, Carnival Corp. is facing the most significant blow due to the recent conflict in Israel, resulting in a downturn in its stock price. Analyst Daniel Politzer from Wells Fargo reveals that Royal Caribbean Group is expected to bear the brunt of Hamas’s surprise attack, with 14 scheduled sailings from Israel until the end of this year. Norwegian Cruise Line Holdings comes next with ten planned sailings, followed by Carnival with six.

Looking ahead, Royal Caribbean has 15 sailings, Norwegian has six, and Carnival has ten scheduled from Israel for the first half of 2024.

Moreover, Politzer adds that “several sailings to Israel this week have been canceled or itineraries modified.” Consequently, all three cruise operators may face pricing challenges in the fourth quarter and the first quarter.

In terms of cruise capacity, Politzer suggests that Norwegian Cruise will experience the most significant impact, followed by Royal Caribbean and then Carnival.

Carnival’s stock has declined by 4.2% during afternoon trading, indicating its lowest closing point since June 5. It also ranks as the fifth worst performer on the S&P 500 index for the day.

Royal Caribbean’s stock has dropped by 2.7%, and Norwegian Cruise shares have experienced a decrease of 1.4%.

Politzer highlights that Royal Caribbean’s “Rhapsody of the Seas” and “Jewel of the Seas,” along with Carnival’s “Seabourn Escape,” are homeported in Israel’s main cruise port, Haifa. However, he acknowledges that ships sailing within the entire region are likely to be affected.

Related posts
News

IMF commends Sri Lanka's new govt for reform continuation

1 Mins read
COLOMBO, Apr 25: The International Monetary Fund (IMF) on Friday commended the Sri Lankan government, led by President Anura Kumara Dissanayake, for…
News

U.S. Federal Reserve revokes crypto guidance for banks

1 Mins read
25th April 2025 – (Washington) The U.S. Federal Reserve announced on 24th April that it will withdraw previous guidance requiring state member…
News

Largo Reports Q1 2025 Production and Sales Results; Provides Update on Operational Turnaround Plans By Investing.com

7 Mins read
All dollar amounts expressed are in thousands of U.S. dollars unless otherwise indicated. Q1 2025 HighlightsBest Forex Trading Robots For 2022 TORONTO–(BUSINESS…

Leave a Reply

Your email address will not be published. Required fields are marked *