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Norwegian Cruise Line Drops 5%, Carnival Falls 4%, Royal Caribbean Slips 3% as Oil Climbs

Norwegian Cruise Line logoNorwegian Cruise Line
Sig1.80Sen-2.20Env0.00Soc0.00Gov0.00
Royal Caribbean Group logoRoyal Caribbean Group
Sig1.30Sen-2.40Env0.00Soc0.00Gov0.00

Cruise stocks drop as crude oil climbs, sending fuel—an immediate direct operating cost—straight through to margins. On a day with no company-specific news, only routine promotions circulate. Norwegian Cruise Line falls 5%, Carnival slips 4%, and Royal Caribbean slips 3% as higher fuel and higher rates pressure results; Royal Caribbean Group holds up best, Norwegian weakest, Carnival in between.

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