Cruise stocks tumble; BofA sees softer ticket pricing in June

Viking Holdings(Pembroke)

14/06/2024 18:02

(Updates)
    ** Shares of cruise operators down 5.7% to 8.3% in midday
trading
    ** Brokerage 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" - brokerage
    ** Shares down: Carnival  CCL.N  8.3%, Norwegian Cruise Line
 NCLH.N  7.8%, Royal Caribbean Group  RCL.N  5.7%, Viking
Holdings  VIK.N  6.1%
    ** CCL's stock headed for its worst day in nearly two years,
while RCL's likely to be so since Jan. 2, if current losses hold
        ** VIK may have its worst day since its IPO on May 1
this year
  
    ** Including session moves, CCL and NCLH are down 18% YTD,
while RCL is up 13% for the same period 

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