Carnival Corp. CCL
CCL
said on Wednesday it would extend the Princess Cruises line break until May 14 due to uncertainty about travel restrictions caused by the coronavirus pandemic. The break applies to sailing in the Caribbean, California coast and the beginning of the season for cruises in Alaska and Europe, the company said in a statement. Guests currently booked for canceled trips will be able to receive a refundable future cruise credit equal to 100% of the fare, plus an additional non-refundable bonus credit equal to 25% of the fare paid. The break was previously extended until March 31. Carnival shares rose 0.7% to 36% in the last three months, while the S&P 500 SPX,
gained 12%.