Why All the Cruise Stocks Are Underwater Today

An internal document from the U.S. Centers for Disease Control and Prevention (CDC) lays out some rather alarming language about the threat posed by the delta variant of COVID-19, describing it as as transmissible as chickenpox and warning that "the war [against coronavirus] has changed." If and when new advice is issued specific to the cruise industry, it might very well disrupt Carnival's plans to get half its fleet operating again by mid-October, as it recently promised -- and delay Norwegian's plans to have its entire fleet sailing again by mid-April 2022.