Most cruise lines faced significant losses as a result of COVID-19 pandemic-related restrictions. Although the sector has achieved a strong recovery from the relaxation of travel restrictions and the reopening of the economy, several cruise stocks have suffered.
With business at a halt, several cruise lines were put under pressure, and many went into debt in the interim. Though demand for cruises has subsequently recovered as tourism returns—and large operators are enjoying a strong summer season—many are still facing a delayed recovery to full capacity. High inflation and increasing oil prices are beginning to weigh on the sector in this year's economic downturn.
