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.
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Shares of major cruise line stocks Carnival Corporation (NYSE: CCL)(NYSE: CUK), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) all took a bath yesterday -- the bad kind. After industry leader Carnival announced it had suffered a $2.9 billion net loss for its most recent quarter, its stock quickly sank 10%, and pulled the others under in its wake.