At Sea At Peace

I would modify the second sentence to "if you are high risk for serious illness, hospitalization and death from Covid." Eliminating 'over 65' would cut 30%+- of the cruise passenger historic demographics out of cruising resulting in a 70% capacity (nice for others) in which the cruise lines would be hard to operate at for long profitably without drastic price increases. Eliminating the 'obese' would be a 'big' percentage also. Further eliminating those with diabetes, heart disease, lung disease and cancer will further reduce the passenger capacities very significantly. So, those under 65 and perfectly healthy (currently) can enjoy a pretty wide open ship, just not for very long.

Actually, I would infer anyone to choose to view the chart in either format, yours or mine, or their own. I don't have a preference. Using the exact post-pandemic date suggested for the stocks and indices that I used doesn't account for the massive and divergent % drop prior to such date. Clearly, if the three cruise line stocks dropped so much more significantly than the compared indices, then using such a starting at that point would even possibly 'look pretty good' (i.e., because their pandemic drops were so massive). The DJI and Nasdaq were not at comparative lows at the time that RCL, NCL and CCL were in 2020. Going forward, they are all in for a nasty ride after what hopefully will be a really decent summer. Over Supply and Under Demand with Supply Increasing Inflationary Impact on Flying, Driving and/or Hotel Costs To and From a Cruise Massive Inflationary Impact on Cost of Operations - Food and Supplies Extraordinary Inflationary and Supply Stretched Cost of Diesel Fuel - 80,000 Gallons a Day (Large Ships) Depending on Diesel Fuel type (other CC members are more versed in such) https://www.windstarcruises.com/blog/how-much-fuel-cruise-ship-uses/#:~:text=Cruise ships use either gas,ultimately moves the ship forward. Fuel Hedges likely Fully Utilized; Future Hedges at Today's Price Unrealistic Huge Debt Service Costs on Bloated-to-the-MAX Billions of New Debt (Pandemic Survival) and 'Refi's' at a Rate Savings Gone 🙄

That's an accurate statement, but only with regards to 'the same time' which was a 'current' (2-week) perspective per @BermudaBound2014 Over a post-pandemic time period perspective, not so much the case (DJI and Nasdaq): Also, the short interest is 6% 9% and 11% for RCL, NCL and CCL.