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Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Dropped Again on Friday

Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Dropped Again on Friday

For the second day in a row, shares of major cruise line stocks Norwegian Cruise Line Holdings (NYSE: NCLH), Carnival (NYSE: CCL) (NYSE: CUK), and Royal Caribbean (NYSE: RCL) are falling on Friday, down 7.1%, 6.7%, and 5.8%, respectively, at 1:34 p.m. EDT today. There are no obvious catalysts behind today's declines, unless you count the announcement by Carnival subsidiary P&O Cruises Thursday morning that it was extending its pause in cruising through January 2021.