Actionable news
0
All posts from Actionable news
Actionable news in CCL: CARNIVAL CORPORATION,

Analyst Lowers Estimates on Cruise Line Operators

Analysts at Wedbush Securities have weighed in on the three big cruise line operators: Carnival Corp. (NYSE: CCL), Royal Caribbean Cruises Ltd. (NYSE: RCL) and Norwegian Cruise Line Holding Ltd. (NASDAQ: NCLH). Two of them face some immediate (and temporary) headwinds, but the analysts see calmer seas after the fourth quarter.

November pricing has remained about flat with October, with Royal Caribbean down 1%, Carnival up 3% and Norwegian down 4%. Pricing is expected to improve beginning in about four months, with growth running at 1% to 2% for Norwegian and 2% to 3% for the others.

Both Royal Caribbean and Norwegian recently announced Cuban government approval to begin trips to the island nation, but all three say that the initial benefit from opening up travel to Cuba is likely to be...


More