Carnival’s stock is now down about 7% this year while Royal Caribbean has plunged nearly 19% in 2021. Royal Caribbean shares are up 3%, but that lags the S&P 500’s gain of more than 27%.
Royal Caribbean’s stock plunged nearly 45% last year while Carnival and Norwegian each had their stock prices cut by more than half in 2020.
All three companies lost money last year and are expected to do so again in 2021. Analysts are forecasting another small loss for Norwegian in 2022 and they have slashed next year’s profit targets for Royal Caribbean in the past few months.