Cruise shares retreated Friday with investors disappointed that no direct aid for lines seems apparent in the massive US stimulus package.

Given the largely tax-exempt status of foreign-registered cruise lines, tax benefit opportunities in the US stimulus bill appear limited but may apply to payroll matters, Wells Fargo Securities said.

Lindblad Expeditions Holdings appointed two additional directors, Thomas (Tad) Smith Jr. and Sarah Farrell, to fill vacant board seats.

Cruise stocks were big gainers in Wednesday's market rally as US lawmakers and the Trump administration agreed on a $2 trillion coronavirus relief package.

Royal Caribbean Cruises Ltd. entered into a $2.2bn, 364-day secured term loan facility to further enhance the company's liquidity.

Discussing businesses threatened by the impact of coronavirus, President Donald Trump once again indicated support for the cruise industry.

MSC Cruises increased 2019 net profit 16% on a 17.5% spike in revenues. In reporting earnings today, the company also outlined actions to shore up its financial position during the coronavirus crisis.

Carnival Corp. & plc said coronavirus hurt its first quarter earnings by 23 cents per share, advance bookings/pricing for the rest of 2020 are lower and newbuilds are likely to be delayed.

Acting to preserve resources while keeping its full team employed, Norwegian Cruise Line Holdings is going to reduce shoreside pay 20% and shift to a four-day work week.

UBS examined potential cash flow and liquidity for the big three public cruise companies in the event there were zero cash from operations in 2020.