Carnival Corp.’s Cunard subsidiary said Monday it is extending the suspension of all cruises as a result of the COVID-19 pandemic for an additional month, from April 11 to May 15. All customers impacted by the suspensions will get a 125% future cruise credit, which can be redeemed on any cruise sailing before the end of March 2022, as long as the booking is made before December 2021. Cunard operates the luxury cruise ships Queen Mary 2, Queen Victoria and Queen Elizabeth. Carnival’s stock, which dropped 5.8% in premarket trading, has plunged 71.8% over the past three months through Friday, while the S&P 500 has declined 21.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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