What are the financial issues with Carnival?


What are the financial issues with Carnival? Carnival cautioned in June that higher ticket prices may not offset the impact of risking marketing and labor costs, as well as fuel, telling investors that is forecast a full-year loss of between 8 cents and 20 cents per share.


Will Carnival stock ever recover?

Carnival is finally recovering from its worst two years in recent history, and its outlook seems stable. However, the debt it accumulated during the pandemic remains an albatross around its neck. While the stock looks cheap, investors should tread with caution for now.


Is Carnival doing well?

Carnival stock is not keeping up with soaring revenue Carnival's business performs much better than its stock performance would suggest. Carnival reported record revenue in the most recent quarter of $6.8 billion, but the stock is still in the bargain bin.


Which cruise line has gone into liquidation?

Island Escape Cruises (NZ) Limited traded for less than a year before falling into financial difficulty. The company, and its Australian-based subsidiary, are owned by Norway-based Pacific Exploring Limited (PEL). The Australian branch of Island Escape Cruises went into liquidation in October 2022.


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.


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.


Why is Carnival stock falling?

Why Carnival's stock might fall. The bearish case on Carnival is that an increase in price could derail the company's growth. Plus the company's debt levels remain high, and Carnival has already incurred $1.6 billion in interest expenses over the past nine months (up from $1.2 billion a year ago).


What drinks are free on Carnival?

In our buffet restaurant, special drinks dispensers provide you with coffee, tea, hot chocolate, lemonade and ice tea around the clock and free of charge. In addition, you can book beverage packages for the entire duration of the cruise on the day of embarkation.


What country owns Carnival?

Carnival Corporation & plc is a British-American cruise operator with a combined fleet of over ninety vessels across nine cruise line brands and one joint venture with China State Shipbuilding Corporation (CSSC).


Who owns most of Carnival?

(CCL) in the U.S. and as Carnival plc (CCL) on the London Stock Exchange. The top individual shareholders of Carnival are Randall J. Weisenburger, Arnold W. Donald, and David Bernstein, and the top institutional shareholders are Micky Meir Arison, Vanguard Group Inc., and Public Investment Fund.


Which company is bigger Carnival or Royal Caribbean?

Winner: Royal Caribbean Both companies are market leaders in terms of fleet sizes. That said, Royal Caribbean has more ships and they're often larger, which means additional dining, activities and lodging options for passengers.


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.


Is Carnival cruise line in financial trouble?

However, investors should note that Carnival's debt levels more than tripled throughout the COVID-19 crisis. It ended the first quarter of fiscal 2023 with $32.7 billion in long-term debt, compared to $9.7 billion at the end of fiscal 2019, which gives it a staggering debt-to-equity ratio of 5.6.


Is Carnival a buy or hold?

Is Carnival stock a Buy, Sell or Hold? Carnival stock has received a consensus rating of buy. The average rating score is and is based on 35 buy ratings, 19 hold ratings, and 13 sell ratings.


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.


Who is owned by Carnival?

Carnival Cruise Line is proud to be part of a family of companies owned by Carnival Corporation, which includes sister lines Princess Cruises, Holland America Line and Cunard Line, among others.


Why is Carnival so cheap?

Ship size and capacity: Carnival operates some of the largest cruise ships in the world, which allows them to accommodate a larger number of passengers. The higher passenger capacity spreads operational costs over more people, leading to potential cost savings.