How Rising Oil Prices Could Impact Cruise Lines
Rising oil prices in the weeks since the start of the conflict in Iran are touching nearly every segment of travel, including the cruise industry.
Cruise lines often hedge fuel costs to avoid negative consequences due to dramatic spikes, such as the current 35 percent jump in oil costs since war broke out in the Middle East at the end of February.
However, Carnival Cruise Line reports no long-term net benefit in hedging and is therefore most likely to feel this spring’s surge in fuel prices.
How Rising Oil Prices Could Impact Cruise Lines
