Is Carnival Cruises in trouble?

Is Carnival Cruises in trouble? Now, more than a year after it resumed operations, its losses continue. In the first nine months of 2022, Carnival lost $4.5 billion. During the same period in fiscal 2021, Carnival reported a net loss of $6.9 billion, a time when it had barely begun to return to the seas. Still, improvements are coming steadily.

Which cruise line has most debt?

Covid-19 shut the industry for the best part of two years, leaving the Big Three — Carnival Corp, Royal Caribbean Group and Norwegian Cruise Line Holdings — under an unprecedented pile of debt that they will be paying down for years. Carnival is $35bn in the hole, Royal Caribbean owes $24bn and Norwegian owes $13.4bn.

What is the outlook for Carnival Cruise Lines?

Carnival Corp (NYSE:CCL) The 18 analysts offering 12-month price forecasts for Carnival Corp have a median target of 16.50, with a high estimate of 25.00 and a low estimate of 10.18. The median estimate represents a +18.79% increase from the last price of 13.89.

Is Carnival getting rid of ships?

Carnival is planning to remove three “smaller-less efficient ships from its fleet,” according to the Fourth Quarter 2022 Business Update.

Is Carnival a high end cruise line?

Let's be clear: Carnival is not a luxury cruise line, nor does it offer huge suites on most ships. The suites it has are smaller than most other brands' high-end accommodations, and they do not include amenities like butler service.

Where do cruises make the most money?

Cruise lines make money primarily from ticket sales, customers spending aboard their ships while cruising, sales of add-on travel services such as insurance and excursions, advertising, and sponsorship deals with brands.

Is Carnival cruise losing money?

Carnival now expects adjusted annual loss per share between 8 cents and 20 cents, compared with its earlier forecast of a loss per share of 28 cents to 44 cents. The company beat second-quarter revenue estimates and posted a smaller-than-expected loss. Our Standards: The Thomson Reuters Trust Principles.

Can Carnival stock go to zero?

Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a dire potential outlook for the company in the case of recession. Morgan Stanley's Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn.

Do people go on cruises during a recession?

“Cruise remains an especially appealing vacation option during downturns because of its compelling value proposition relative to land-based alternatives. Also, there is pent-up demand for travel globally which is a powerful tailwind.”

Will Carnival survive 2023?

The world's largest cruise line operator is trading 126% higher in 2023. It might not be too late to hop aboard. The waves keep rising for Carnival (CCL -6.60%). Shares of the world's largest cruise line operator have more than doubled this year, and the Wall Street accolades keep coming.

Where will Carnival stock be in 5 years?

Carnival stock price stood at $12.74 According to the latest long-term forecast, Carnival price will hit $20 by the end of 2024 and then $25 by the end of 2026. Carnival will rise to $30 within the year of 2028, $35 in 2030, $40 in 2033 and $45 in 2035.

What cruise line has the most accidents?

Suicide and murder (29%) and falls overboard or from height (24%) were the primary cause of crew member deaths. The most passenger deaths occurred on Carnival Cruise Lines (29%), Royal Caribbean Cruises (12%), and Norwegian Cruise Line (10%).

How long will it take Carnival to pay off debt?

The Company intends to use the proceeds from the Refinancing Transactions to repay a portion of the borrowings under the Company's existing first-priority senior secured term loan facility maturing in 2025.

Which ships will Carnival retire?

Carnival Announces Plan For Retiring Its Oldest and Smallest Ship, the AIDA AURA. Carnival has announced retirement plans for its oldest and smallest cruise ship, the 20-year-old AIDA AURA. The ship will be leaving Carnival's service by September this year.

What cruise lines are in financial trouble?

Other cruise brands that have shut down over the past four years, almost all citing the financial effects of the pandemic, include luxury line Crystal Cruises and its two Asia-based sister brands, Dream Cruises and Star Cruises; Japan-based Venus Cruises; India-based Jalesh Cruises; Swedish-based Birka Cruises; U.S.- ...

How far in debt is Carnival cruise line?

How Much Debt Does Carnival Corporation & Carry? The chart below, which you can click on for greater detail, shows that Carnival Corporation & had US$33.8b in debt in May 2023; about the same as the year before. However, it also had US$4.47b in cash, and so its net debt is US$29.3b.

What is the financial situation of Carnival Cruise Lines?

Key Takeaways. Carnival Corporation posted record revenue and its first quarterly profit since 2020, thanks to a surge in bookings as the post-pandemic travel boom continued unabated. Net income came in at $1.07 billion, or 79 cents per share, which exceeded estimates of 73 cents.

Why is Carnival dropping?

Carnival shares sank on Monday after the company's current quarter profit outlook missed expectations. The cruise line operator said a slower-than-expected drop in inflation will raise costs. Carnival's sales in the second quarter hit a record high, and its loss was below estimates.

Will Carnival cruises go out of business?

The answer mainly has to do with debt. No, Carnivals not likely to go bankrupt. It still has $7 billion in liquidity on its balance sheet as of the most recent quarters end, which should tide it over for a few more quarters.

Is Carnival Cruise Lines a good investment right now?

Out of 15 analysts, 9 (60%) are recommending CCL as a Strong Buy, 2 (13.33%) are recommending CCL as a Buy, 3 (20%) are recommending CCL as a Hold, 0 (0%) are recommending CCL as a Sell, and 1 (6.67%) are recommending CCL as a Strong Sell. If you're new to stock investing, here's how to buy Carnival stock.

Why are Carnival cruises so expensive right now?

After discounting aggressively following years of COVID-era testing requirements and restrictions, cruise operators such as Royal Caribbean Cruises (RCL. N) and Carnival Corp (CCL. N) are looking to raise prices as occupancy levels approach pre-pandemic levels.

Are cruises worth it anymore?

Cruises are still great! The trick is finding the line/itinerary/ship that matches what you are looking for and set your expectations appropriately.