( Reuters) – Carnival Corp’s CCL.N shares rose 11%on Thursday after its Italian brand Costa Cruises stated two of its ships would resume sailing this weekend, with more to follow.
Cruise business, among the worst hit by the COVID-19 pandemic, were required to halt voyages for months after ships in Japan, Australia and California made headlines due to the fact that of large numbers of infections onboard.
So far this year, Carnival’s shares have lost nearly two-thirds of their worth, while peer Royal Caribbean Cruises Group RCL.N has actually lost about 45%and Norwegian Cruise Line Holding Ltd NCLH.N about 67%.
Shares of Royal Caribbean were up 6%and Norwegian Cruise rose 8%in morning trading.
Carnival’s German brand name AIDA Cruises will resume operations in November with two of its ships sailing from the Canary Islands, it said late last month.
Costa will sail from Italian ports beginning weekly cruises from Genoa and Trieste to western Mediterranean and southern Italy, scheduling one-week schedules specifically for Italian guests, it said.
The cruises will accompany adjusted traveler capacity and health protocols established with government and health authorities, Carnival stated.
Reporting by Nivedita Balu in Bengaluru; Modifying by Shinjini Ganguli
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