The cruise industry is part of the broader travel and tourism industry, which focuses primarily on providing vacation experiences at sea. Companies in the industry own and operate cruise ships in various destinations worldwide and offer a variety of itineraries and themed cruises. The cruise industry was hit hard by the COVID-19 pandemic and related travel restrictions. Therefore, it is not surprising that cruise stocks suffered heavy losses and are currently still trading far below their former highs.
Should the travel industry be able to recover sustainably and travel be possible without major restrictions, cruise shares could also achieve a turnaround in the coming years. Investors who believe in this scenario currently have the chance to get in at still comparatively favorable prices. In this article we present some of the largest and best known cruise stocks.
Carnival
- Company: Carnival Corporation & plc
- Symbol (TWS): CCL
- ISIN: PA1436583006
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: 27.69 billion
- Sales (TTM) in USD: 655 million
Carnival operates the world's largest fleet of cruise ships. The company also owns properties such as hotels and vacation destinations around the world. Its ships sail to some 700 ports around the world under the brand names Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
The most recently published results show that losses are narrowing compared with the previous year. However, revenue losses still amount to around 90 % on an annual basis, compared to "pre-crisis levels". Carnival indicated that by the end of the fiscal year, about half of all ships will be returned to service.
Royal Caribbean
- Company: Royal Caribbean Group
- Symbol (TWS): RCL
- ISIN: LR0008862868
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 22.13 billion
- Sales (TTM) in USD: 93 million
Royal Caribbean Group, formerly known as Royal Caribbean Cruises, operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises brands. The company was founded in 1968 and is headquartered in Miami, Florida. Royal Caribbean's itineraries call at about 1000 destinations worldwide. As of December 31, 2020, the company operated 61 ships with a total capacity of approximately 138,000 passenger seats.
Norwegian Cruise Line
- Company: Norwegian Cruise Line Holdings Ltd
- Symbol (TWS): NCLH
- ISIN: BMG667211046
- Stock Exchange: New York Stock Exchange
- Country: USA
- Currency: US Dollar
- Market capitalization: USD 9.84 billion
- Sales (TTM) in USD: 23 million
Norwegian Cruise Line operates cruise ships and offers itineraries and theme cruises. The company announced financial results in early August for the second quarter of fiscal 2021, which ended June 30. Norwegian Cruise Line reported a net loss of $717.8 million, a slight deterioration from the net loss of $715.2 million in the year-ago quarter. Total revenue decreased 74.2 % from a year ago. The company said it expects to return its entire fleet of 28 vessels to service by April 1, 2022.
Lindblad Expeditions
- Company: Lindblad Expeditions Holdings Inc
- Symbol (TWS): LIND
- ISIN: US5352191093
- Stock exchange: Nasdaq
- Country: USA
- Currency: US Dollar
- Market capitalization: 757 million
- Sales (TTM) in USD: 18 million
Lindblad Expeditions owns and operates cruise ships and provides expedition cruises and travel services. The company offers expeditions both at sea and on land. Lindblad Expeditions announced results in early August for the second quarter of fiscal 2021, which ended June 30. The company reported a net loss that narrowed to $35.3 million from $39.7 million in the year-ago quarter. Revenue for the quarter was $15.3 million. In the year-ago quarter, revenue was -$268,000. As of August 2021, almost all vessels are back on expeditions.