Rising Covid Cases Hang Heavy Over the Travel Industry, Again. How to Play the Stocks Now.
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Royal Caribbean’s Celebrity Edge, pictured docked at a port in Mexico, set sail from Florida in June—the first sailing out of a U.S. port among the major cruise operators since the pandemic began.
Eva Marie Uzcategui/BloombergRoyal Caribbean Group CEO Richard Fain had been prone to break into song on his company’s blog, crooning “Oh, What a Beautiful Mornin’ ” in late June after the cruise line launched its first ship from U.S. waters since the pandemic sidelined the industry for more than a year. Fresh off that maiden voyage and with the industry’s restrictions falling by the wayside, Fain gave an encore in mid-July, singing “I Can See Clearly Now.”
Not so fast, says the Delta variant. While the mutated Covid-19 strain has been spreading for months,...