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-0.00258695027306687 -8.33572865765103E-05 -0.00137683242311005 0.00402414486921531 -0.00725783271054894 -0.00632365622305257 -0.00891060649611944 -0.0183960908306985
Stock impact report

Now's Not the Time to Bottom-Fish Cruise Operators. Here's Why. [MarketWatch]

D/B/A Royal Caribbean Cruises Ltd. (RCL) 
Last d/b/a royal caribbean cruises ltd. earnings: 2/4 08:00 am Check Earnings Report
US:NYSE Investor Relations: rclcorporate.com/investors
Company Research Source: MarketWatch
Rivals sank too. Shares of Royal Caribbean Group (RCL) slid 10% that day while Norwegian Cruise Line Holdings (NCLH) dropped 9%. The stocks lost more ground Thursday, though not as much. But Carnival (CCL) was the spark that drove the selloff, as Morgan Stanley lowered its estimates for the company's earnings before interest, taxes, depreciation and amortization, or Ebitda, citing weaker pricing and ship occupancies, along with elevated costs. Those costs include higher interest payments resulting from the billions of new capital, much of it debt, the company raised to stay afloat since March 2020, when the pandemic sidelined most cruising for more than a year. As of May 31, Carnival's long- and short-term debt totaled about $35 billion, up from about $10.7 billion three years earlier. The leverage buildup was crucial for the company's survival, but now rising interest rates make it a big headwind as Carnival and its peers will have to refinance some of their debt in the next few Show less Read more
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