Norwegian Cruise Line (NYSE: NCLH) announced that it has suspended all Covid-19 testing, masking, and vaccination requirements. The previous mandates will be lifted on Tuesday, according to the company.
“Health and safety are always our first priority; in fact, we were the health and safety leaders from the very start of the pandemic,” said Harry Sommer, Norwegian Cruise Line president, and chief executive officer. “Many travelers have been patiently waiting to take their long-awaited vacation at sea and we cannot wait to celebrate their return.”
Norwegian’s ships had an occupancy rate of 65% for its second quarter, an increase from the previous quarter’s 48%. Shares for the cruise line shot up over 2% during Monday morning trading following the positive news.
Nevertheless, Norwegian has maintained other pandemic protocols on board such as sanitation and medical services.
“Comprehensive enhanced cleaning and sanitation protocols, using EPA-approved disinfectants, have been implemented throughout the cruise experience,” the line said on its website.
Additionally, Cruise companies across the board have taken on billions of dollars in debt throughout the pandemic lockdowns. Some investors fear that payments may balloon as the Federal Reserve raises interest rates.