Why Norwegian Cruise Line Capsized in November

Shares of Norwegian Cruise Line (NYSE: NCLH) ended the month of November 24.1% down from where they started, according to data from S&P Global Market Intelligence, as the cruise ship operator reported third-quarter earnings that indicated that while it is charting a course to profitability once more, it hasn't quite reached shelter from the squalls kicked up by the pandemic. The cruise industry was hit hard by the coronavirus outbreak because even after much of the global economy was allowed to reopen, cruise ships were forced to stay in port. Investors should still be hopeful that Norwegian Cruise Line will still come through the storm intact, although it might take a little longer than originally hoped.