Americans Are Taking Back to the Skies and Seas as Virus Slows
By Christiana Sciaudone
Investing.com -- Start your engines. Americans may be poised to travel again.
Airline and cruise stocks are surging as coronavirus case numbers fall across most of the U.S. and after the Transportation Security Administration reported a bump in travelers over the weekend.
And then there's Russia's announcement that it will start innoculating citizens with a Covid-19 vaccine, the first country that has apparently created an immunization.
Royal Caribbean (NYSE:RCL) shares are up 4.8% on Tuesday. Also rising: Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) +6.7%, Carnival (NYSE:CUK) +5%, Delta Air Lines Inc (NYSE:DAL) +3%, American Airlines (NASDAQ:AAL) +4%, and United Airlines Holdings Inc (NASDAQ:UAL) +2.3%
Airlines added to their gains from Monday after the TSA reported that the number of people passing through checkpoints rose for the second week in a row, to the highest since March 17. Airlines have seen passenger numbers plummet as the coronavirus has spread around the world, and governments have mandated people stay home.
Cruise lines have largely halted operations, but have reported that 2021 bookings are looking solid. Royal Caribbean's joint venture in Germany, TUI, has already returned to sailing.
The Russian vaccine has been named Sputnik-V, a reference to the surprise 1957 launch of the world's first satellite by the Soviet Union, CNN reported. It has not yet gone through Phase 3 trials.
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