Royal Caribbean will hold a conference call on April 29, 2016 at 10:00am to discuss its first quarter 2016 financial results.
Airlines have a lot of costs in addition to fuel. It's a difficult business and we've seen many airlines go out of business because they could not make any profit.
Some women may get pregnant on cruises. I wonder what would happen if they got pregnant and caught zika on the same cruise :-)
"CHK is only a very small percentage of IEP's holdings."
But it holds a lot of other losing investments too. Overall IEP is a disaster.
"This Zika scare is creating an absolutely stellar buying opportunity regardless of what becomes of the Zika virus."
I hope you are right.
This stock has not been a good long term holding but it has been a good trading stock. If you buy it on dips and then sell on up days you can do well with this one.
"All we need is one case of it from a cruise passenger and it will get blown out of proportion."
Yes, imagine the media hysteria if one pregnant woman got zika while on a cruise.
"The zika virus won't cause any cruise cancellations."
It won't cause cancellations of entire cruises, but it has already caused some individuals to cancel their reservations. Particularly women of child bearing age are worried because of the risk of serious birth defects. The cruise lines will have to offer more discounts to fill those cabins.
Yes, the cruise line stocks are getting hit hard. This zika virus fear could cause enough cruise cancellations to push some cruises from profit to loss.
The closer you get to sailing date the less percentage refund you get if you cancel. If this zika virus situation gets worse, I think we'll see a lot of cancellations and a lot of ships sailing with empty cabins.