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Rising Covid Cases Hang Heavy Over the Travel Industry, Again. How to Play the Stocks Now.
Royal Caribbean Group CEO Richard Fain had been prone to break into song on his company’s blog, crooning “Oh, What a Beautiful Mornin’ ” in late June after the cruise line launched its first ship from U.S. waters since the pandemic sidelined the industry for more than a year. Fresh off that maiden voyage and with the industry’s restrictions falling by the wayside, Fain gave an encore in mid-July, singing “I Can See Clearly Now.”
Not so fast, says the Delta variant. While the mutated Covid-19 strain has been spreading for months,…
