Cruise bookings have risen in the 24 hours since Pfizer said that its coronavirus vaccine candidate is showing a 90% efficacy rate, according to Norwegian Cruise Line (NCLH) - Get Report Chief Executive Frank Del Rio.
Del Rio made his comments during Norwegian's third-quarter earnings call with analysts, CNBC reported.
"Bookings, the last 24 hours, yesterday, were pretty good, better than the previous four or five Mondays. And that, I think is attributable to the vaccine news. We did not have any particular promotion or did any outsized marketing," he said.
That assessment was overshadowed by the company's third-quarter results.
Norwegian reported an adjusted loss of $2.35 a share for the quarter, swinging from a profit of $2.23 a share a year earlier as the company's U.S. operations were halted to help contain the coronavirus pandemic.
Analysts surveyed by FactSet produced a consensus estimate of a loss of $2.25 a share.
Revenue in the period fell to $6.5 million from $1.91 billion a year earlier. Analysts in the FactSet survey were expecting revenue of $10.6 million for the period.
Pfizer said that it saw no serious safety concerns from its vaccine candidate and that later this month it would seek emergency-use authorization from the U.S. Food and Drug Administration.
The news comes as a reprieve for travel and vacation stocks, which along with the hospitality industry have been hammered since the coronavirus forced global lockdowns.
Norwegian shares at last check dropped 5.4% to $20.36.