Why Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Dropped Again on Friday

For the second day in a row, shares of major cruise line stocks Norwegian Cruise Line Holdings (NYSE: NCLH), Carnival (NYSE: CCL) (NYSE: CUK), and Royal Caribbean (NYSE: RCL) are falling on Friday, down 7.1%, 6.7%, and 5.8%, respectively, at 1:34 p.m. EDT today. There are no obvious catalysts behind today's declines, unless you count the announcement by Carnival subsidiary P&O Cruises Thursday morning that it was extending its pause in cruising through January 2021.