Cruise Ship Rescues 2,500 People, Carnival Sells Cruise Ship

Editorial Summary

Doug Parker reports on several significant developments within the cruise industry. The first major story involves the evacuation of over 2,000 Americans from Israel due to rising tensions in the Middle East. The United States government chartered Royal Caribbean's Oasis of the Seas to transport citizens and their families to Cyprus after major airlines suspended flights to Tel Aviv. Royal Caribbean has not yet commented on whether additional evacuations will occur. In pricing news, Carnival Cruise Line is increasing the cost of its Faster to the Fun program by $10 to $20 per cabin. This program provides priority embarkation, debarkation, and tender operations. The price hike applies to various cruise lengths, though certain itineraries sailing from Norfolk, San Francisco, or Europe do not offer the option. Additionally, Carnival Corporation's joint venture in Asia has sold the Costa Atlantica. The vessel, built in 2000, has been renamed Margaritaville at Sea Islander and is flagged in the Bahamas with an estimated market value of $64 million. Finally, the report notes that cruise line stocks saw a 1% increase on Monday.

Written by TripBacon from this video's transcript.