Cruise stocks dip on US-Europe tensions over Greenland
Shares of cruise operators fall amid broader market weakness and rising geopolitical tensions
Norwegian Cruise Line Holdings NCLH.N down 5.2% at $20.86; Royal Caribbean RCL.N down 3.5% at $266.70; Carnival Corp CCL.N down 2.7% at $28.14; Viking Holdings VIK.N down nearly 1% at 68.75
Wall Street's main indexes slide to near three-week low as fresh tariff threats from President Donald Trump against Europe amid a dispute over Greenland spook investors
"Cruise shares appear to be trading down alongside other discretionary stocks, in tandem with broader market average weakness" - Morningstar analyst Jaime Katz
Katz adds that there could be enhanced geopolitical risk given recent rhetoric around U.S. interest in Greenland and Europe’s general resistance to the idea
In 2025, NCLH lost 13.5%, VIK rose 62.1%, RCL gained 20.9% and CCL was up 22.5%
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