Dow Jones – Consumer Cos Down Amid Doubts About Travel Industry Prospects — Consumer Roundup
Shares of retailers and other consumer companies fell slightly as investors hedged their bets on the outlook for the travel industry.
Carnival shares ticked up even after the cruise-line reported that first-quarter revenue plunged to $26 million, reflecting a worldwide halt in cruise travel. Carnival and its rivals are lobbying for clearance to sail in the near future.
The companies argue that the Centers for Disease Control and Prevention’s latest guidance that travel poses low risks for fully vaccinated individuals should apply to cruises, too.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 07, 2021 17:24 ET (21:24 GMT)
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