CEO Arnold Donald sees at least 2 additional difficult years for the cruise industry, which will probably not return until Y 2023 at least.
The entire giant cruise company may sail by the end of this year, but recovering pre-crisis revenue will take longer, CEO Donald said in an interview on Sunday
Carnival reported a larger than expected preliminary net Q4 loss in January, as the VirusCasedemic chaos caused a standstill last March.
Our general technical analyses of CCL are generally bullish, as the stock broke out at 22.47 on 16 February and was confirmed at 28.46 on 12 March. This means the acquisition of an LTN cash pile buy signal at a target price of 72/share. We are the first to publish a buy recommendation on the street,
Currently, CCL is trading between 7.80 and 29.59 within its 52 wk trading range.
The main support is at 23.61 and the overhead resistance is 30.39 thru then Nil.
Carnival Corporation, plc operates as a company for leisure travel. The boat travels to around 700 ports under the brand names Carnival Cruise Line, Princess Cruises, Holland America Line, P & O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises and Cunard.
The company also provides port destinations and other services, owns and runs hotels, lodges and motor cars.
It sells its cruises mainly through tour operators and travel agents.
The company operates in the USA, Canada, Continental Europe, Australia, New Zealand, Asia and internationally.
CCL operates 87 ships with lower loads of 223,000. The company was founded in Y 1972 and is headquartered in Miami, Florida.
Keep the Faith, have a healthy weekend!
