Carnival Corporation: Plugging The Leak

Summary:

  • Shares of Carnival Corporation & plc have been trading flattish in recent times.
  • The 2023 guidance suggests breakeven could be achieved in 2023, after accounting for steep interest expense.
  • While I am positively surprised by this trend, the Carnival Corporation debt challenge remains huge by all means.

Carnival Elation cruise ship arrive at Nassau port

yujie chen/iStock Editorial via Getty Images

Towards the end of 2022, I concluded that shares of Carnival Corporation & plc (NYSE:CCL) were still sinking. This came after the company posted rough fourth quarter results with few green shoots seen


Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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