Shares of cruise companies are trading higher in sympathy with Royal Caribbean Group after the company reported better-than-expected Q2 financial results. Declining oil prices have also improved sentiment in the sector, as lower fuel costs may support profitability across the cruise industry.

Why Is American Airlines Stock Surging on Wednesday?

American Airlines Group Inc. (NASDAQ: AAL) stock moves upward Wednesday following travel sector talks at the White House and a pause in crude oil price rallies.

White House Official Says Trump To Meet With CEOs Of Major Travel Companies Including Marriott, American Airlines, Carnival, MGM

Carnival (CCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Carnival stock declined 3.51% to $23.89, significantly underperforming the S&P 500's 0.33% loss. The cruise operator has fallen 10.97% over the past month while the broader market gained 3.87%. Analysts expect upcoming earnings of $1.36 per share (down 4.9% YoY) with revenue of $8.36 billion (up 2.59% YoY). Carnival holds a Zacks Rank of #3 (Hold) with a Forward P/E of 11.1, trading at a discount to its industry average.

Shares of cruise companies are trading lower amid rising oil prices due to resumed U.S.-Iran hostilities.

Wells Fargo Maintains Overweight on Norwegian Cruise Line, Lowers Price Target to $20

Norwegian Cruise Line Holdings' Oceania Cruises Announces Float Out Of 695-Room Oceania Sonata At Fincantieri Shipyard, First Of Five Sonata Class Ships; Debut Set For August 2027