Cruise operators jumps as crude slips
Tue 17:05
BUZZ-Cruise operators jumps as crude slips ** Shares of US cruise operators rise as oil prices slip from five-month highs
** Brent crude futures LCOc1 fall 1.1% to $108.32, WTI futures CLc1 down about 0.9% at $102.74 O/R
** Cruise operators Carnival Corp CCL.N and Norwegian Cruise Line Holdings NCLH.N up 3.4% and 3.7%, respectively
** Viking Holdings VIK.N and Royal Caribbean RCL.N gain 3.6% and 3.3%, respectively
** Fuel is one of the largest operating expenses for cruise operators
** YTD, CCL down 10.5%, NCLH down about 30%, RCL up 4.5%, VIK up ~22%
(Reporting by Darshan Kumar in Bengaluru)