Despite easing travel restrictions, cruise companies are still in troubled waters due to the rising fuel costs and the slowing economy. With the Consumer Price Index (CPI) data coming in hotter-than-expected in August, the Fed is expected to continue its interest rate hikes, posing challenges to high-debt cruise ship operators.
Moreover, fears of an impending recession have dampened cruise line sales as consumers cut back on their discretionary spending. With increasing debts and dampened financials, top cruise companies are now set to roll back their Covid-19 testing policies and allow passengers to board most voyages without the vaccine requirements.
