What is Carnival's debt?
What is Carnival's debt? Long term debt can be defined as the sum of all long term debt fields. Carnival long term debt for the quarter ending August 31, 2023 was $29.516B, a 3.5% increase year-over-year. Carnival long term debt for 2022 was $31.953B, a 12.08% increase from 2021.
What is the fastest growing cruise line?
MSC Cruises is the world's third largest cruise brand as well as the market leader in Europe, South America, the Gulf region and Southern Africa. It is also the fastest growing global cruise brand with a strong presence in the Caribbean, North America and the Far East markets.
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.
What cruise line went broke?
Boston-based Vantage Deluxe World Travel, a small cruise company that mostly catered to seniors, filed for bankruptcy Thursday after laying off nearly all of its 70 shoreside employees and stopping all its sailings. As of Thursday, the company retained just five employees, according to the bankruptcy filing.
Could 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.
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.
Will Carnival ever recover?
Given its recovering revenue levels, Carnival should survive. Nonetheless, its ability for near-term prosperity appears seriously in doubt. As significant portions of the debt mature in 2026 and beyond, Carnival could find itself in a deeper debt trap.
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.