3 Unexpected Reasons for Investors to Buy Carnival Stock [Yahoo! Finance]
Carnival Corporation (CCL)
Last carnival corporation earnings: 4/3 12:51 pm
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Source: Yahoo! Finance
Given the company's shutdown during the pandemic and its struggles to return to full capacity and profitability since then, investors may wonder whether industry leadership is enough to make the stock a buy. Nonetheless, three unexpected factors could position Carnival Cruise stock to drive investor returns. 1. Passenger traffic One bright spot for the company is the record number of passenger bookings. Although Carnival's recovery isn't a surprise, some of the results may not have been expected. In the first quarter of fiscal 2024 (ended Feb. 29), occupancy returned to 102%. The cruise industry defines 100% occupancy as having two passengers in every cabin, so the fact that average occupancy per cabin exceeds two bodes well for the company. Moreover, it wasn't just its customers from before the pandemic who returned to cruising. In 2023, the cruise line attracted 3.5 million passengers who had not previously taken a cruise. Hence, the industry seems to have become more compe
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News
- Princess Cruises Sails to Prime Viewing Spot for 2026 Total Solar Eclipse in EuropePR Newswire
- Carnival (CCL) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Around the World in 114 Days with Princess Cruises!PR Newswire
- Holland America Line Begins Pilot Test of Renewable Fuels on its Flagship, Rotterdam [Yahoo! Finance]Yahoo! Finance
- Holland America Line Begins Pilot Test of Renewable Fuels on its Flagship, RotterdamPR Newswire
CCL
Earnings
- 3/27/24 - Beat
CCL
Sec Filings
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- CCL's page on the SEC website