EV - Nclh Stock Rises as It Opts to Drop COVID-19 Regulations
NCLH stock is trading upwards at $11.62 as of 02:37 PM EDT.
Due to what Norwegian Cruise Line ( NYSE:NCLH ) deemed to be good developments in the public health environment, the company stated that it had eliminated all COVID-19 testing, masking, and vaccine requirements. The new COVID regulation will go into force on October 4.
The Cruise Line modified its health and safety policies, which are now more in line with other international travel organizations. NCLH credited the new measures to the major, positive progress in the public health environment. “Health and safety are always our top priority; in fact, we were the leaders in health and safety from the very beginning of the epidemic,” said Harry Sommer, president and chief executive officer of Norwegian Cruise Line. “Many passengers eagerly anticipated taking their long-awaited holiday at sea, and we cannot wait to celebrate their homecoming,” the statement continued.
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Despite relaxing Covid-19 regulations for passengers, cruise lines have still had trouble . Consumers’ finances are continuing to be squeezed by inflation, and rising expenses are harming the profitability of cruises. A disappointing earnings announcement last week caused Carnival’s share price to drop under its pandemic low from Apri...
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