Opinions
Jim Cramer - Mad Money
Norwegian Cruise Line Holdings
NCLH-N
COMMENT
Aug 09, 2021
A federal judge ruled in favour of NCLH demanding proof of vaccination from its customers. Good idea. Florida will appeal this decision, even though the Delta variant is spreading Covid like crazy.
$24.660
Stock price when the opinion was issued
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The cruise lines had a great run last year, but stalled this year. However, recently they are bouncing back. Late-July, NCLH returned to service and last weekend they had their first U.S. cruise, post-Covid, from Seattle to Alaska. By the end of this quarter, NCLH expects to operate at 40% capacity, 75% by end year's end, and 100% by April 2022. They reported last week that they are still losing money, but bookings are strong, especially for 2022. Last weekend, they won a key court case in Florida to refuse service to unvaccinated customers and crew.
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