CCL is surviving in the market

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Carnival Corporation & plc is a provider of leisure travel services. The company operates a fleet of over 90 ships visiting approximately 700 ports under the brands AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn. In addition, it owns and operates hotels, lodges, glass-domed railway cars, and motor coaches to provide port destinations and other services. The company primarily sells cruises through travel agents, tour operators, vacation planners, and websites. It operates primarily in the United States, Canada, Europe, the UK, Australia, New Zealand, Asia, and internationally. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida. finviz dynamic chart for ccl

Analysts expect Carnival to report a significant increase in earnings, nearly doubling from the previous year to an estimated $4.766 billion, as travelers return and overall bookings reach an all-time high following a two-year hiatus due to the COVID-19 pandemic.

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However, higher costs are likely to keep Carnival in the red, and the loss for the three months ending in May is estimated at $0.34 per share, an improvement from a loss of $1.64 per share during the same period last year.

Investors are likely to focus on the company’s ability to generate positive cash flow amid a sustained increase in room occupancy rates and travel demand that still falls below 2019 levels during the first quarter.

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