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.



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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.

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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.

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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.- ...

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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.

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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.

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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.

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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.

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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.

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

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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.

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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.

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

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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.

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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.

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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.

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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%).

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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.

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“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.”

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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.

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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.

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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.

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