Reuters
Published Apr 05, 2021 09:01AM ET
Updated Apr 05, 2021 09:30AM ET
By Reuters Staff
(Reuters) - Cruise operator Norwegian Cruise Line (NYSE:NCLH) Holdings Ltd said on Monday it would require mandatory COVID-19 vaccinations for all guests and crew when it restarts trips from U.S. ports in July.
The company's announcement follows the U.S. Centers for Disease Control and Prevention's (CDC) latest guidance last week to the cruise ship industry, including the need for COVID-19 vaccinations.
The cruise operator has taken a hit for over a year due to the pandemic, resulting in heavy annual losses and plunging revenue, forcing it to take new steps to ensure customers can set sail again.
Royal Caribbean (NYSE:RCL), which is set to resume some trips in the Caribbean in June, and Norwegian Cruise have also set up an expert panel to safely resume operations.
"We believe that through a combination of 100% mandatory vaccinations for guests and crew and science-backed public health measures ... we can create a safe, 'bubble-like' environment for guests and crew," Norwegian Cruise's Chief Executive Officer Frank Del Rio said in a statement.
In a letter to the CDC, Norwegian said it will begin trips at a reduced capacity of 60%. It then plans to gradually ramp up its fleet departing from U.S. ports and increase capacity by 20% every 30 days.
Shares of all three cruise operators - Carnival (NYSE:CUK) Corp, Norwegian Cruise and Royal Caribbean - were up more than 2% before the bell.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.