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Cruise stocks rocked after Norwegian Cruise issues ‘going concern’ warning

May 6, 2020


Shares of Norwegian Cruise Line Holdings Ltd. took a dive Tuesday, after the cruise operator issued a “going concern” warning, citing the impact of the coronavirus pandemic on its business.

Norwegian’s NCLH, -22.57% warning also weighed heavily on the stocks of rivals Carnival Corp. CCL, -8.71% and Royal Caribbean Cruises Ltd. RCL, -10.08% . The stocks’ selloffs come despite Norwegian also announcing a series of financial transactions that if completed would provide enough liquidity to fund operations even if its cruises remain suspended for over 12 months.

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