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I believe the results will dissapoint on the basis Carnival are still ramping up operations as it returned to full service (it must be remembered Carnival Q3 trading period covers June-August), and what I hope to see is the road to recovery and a possitive outlook for Q4. If so, the SP will respond possitively. If not, we continue on this yo-yo up and down. I'm back in, and believe we'll see good news in one way or another next week.
Fuel isn't a major factor here - when crude was increasing up to $120, the share didn't react negatively..
The stock is largely following the market, there's no real new news here so until then, sit back and watch how the wider market reacts.
Another angle to consider.
Interest rate rises, then the future funds required to service the debt also increases. If the business has to divert money to service debt rather than re-invest into the business then a decrease in fuel prices is just one factor in a complex market. There are lots of angles to consider, consumer spending, exchange rates etc etc
The signs are strong. Carnival's results took us up to June, we are now getting a picture from the industry for July... such as
Booking volumes received in the second quarter for 2022 sailings averaged 30% above 2019 booking volumes for 2019 sailings in the corresponding period in the second quarter with even greater strength in July.