RE: Is this another Cineworld?10 Oct 2022 11:20
No way is this heading to Chapter 11. Carnival has customer deposits of £4.5bn, occupancy rates and future bookings are above 2019 levels (pre Covid) and they have new ships on the way. Carnival is also shielded better from an economic downturn than other cruise lines because their customer demographic is older , wealthier passengers. I was onboard P&O a couple of months ago and business is booming. I've also got a friend at RC and their bookings are way up as well. The cruise industry on the whole is doing great and really healthy. This stock is cheap in my opinion.