Cruise stocks drop; BofA sees modest softness in ticket pricing in June

Viking Holdings(Pembroke)

14/06/2024 15:26

** Shares of cruise operators down 2.5-7.8% in morning
trading
    ** BofA Global Research says there is modestly softer
itinerary pricing in ocean markets in early June vs. early May
based on data
    ** "On a sequential basis, 40% of itineraries had softer
pricing compared to 33% in May," BofA says in a note
    ** Shares down: Carnival  CCL.N  7.8%, Norwegian Cruise Line
 NCLH.N  7.2%, Royal Caribbean Group  RCL.N  5.4%, Viking
Holdings  VIK.N  2.5%
    ** Including session moves, CCL and NCLH are down over 17%
YTD, while RCL is up 13.6% for the same period 

 (Reporting by Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth;))