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.



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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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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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Key Points. The cruise line had to take on massive debt to stay afloat. Analysts believe Carnival will return to profitability in fiscal 2023.

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Six Ships Have Now Left the Carnival Fleet: Here's Where They Went
  • Carnival Fantasy. Year Built: 1990. Capacity (at 100% occupancy): 2,044. ...
  • Carnival Inspiration. Year Built: 1996. ...
  • Carnival Imagination. Year Built: 1995. ...
  • Carnival Fascination. Year Built: 1994. ...
  • Carnival Sensation. Year Built: 1993. ...
  • Carnival Ecstasy. Year Built: 1991.


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In spring 2024, Carnival Firenze will debut, setting sail from this homeport towards south-of-the-border fun along Mexico's Pacific coast! So, Long Beach, you're wondering what to expect from Fun Italian Style ™?

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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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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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In addition, Carnival Glory will sail a 14-day Transatlantic voyage on April 18, 2024, that features several popular European destinations, including Valencia, and Las Palmas (Canary Islands), Spain, before arriving to its new homeport of Port Canaveral, Fla.

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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 +29.46% increase from the last price of 12.75.

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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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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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World's Leading Cruise Lines is a part of Carnival Corporation & plc, the largest cruise vacation company in the world.

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Best Luxury Cruise Lines
  • #1. Viking Ocean Cruises.
  • #2. Seabourn Cruise Line.
  • #3. Regent Seven Seas Cruises.


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Royal Caribbean has a massive amount of debt on its balance sheet that it accumulated during the pandemic to stave off bankruptcy. At the end of Q2, the company had $18.7 billion in long-term debt and $1.7 billion in current debt (meaning debt due within 1 year).

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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.

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In terms of gross tonnage – the measurement of the total internal volume of a cruise ship – all Carnival ships are bigger than the Titanic. However, the Titanic was longer than two Carnival ships, and had a higher passenger capacity than seven of the ships in the Carnival fleet.

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