Hints and tips:
...Robert ArmstrongThe number three and four best-performing stocks in the S&P 500 with total returns of 144 and 125 per cent, respectively, are Royal Caribbean Cruises and Carnival Cruise Lines....
...Consider Carnival, the global cruise line. Before the pandemic, its total debt balance was just over $10bn. Today, Carnival sits a lower in the water, its debt has swelled to more than $35bn....
...The software group has named Arnold Donald, the former chief executive of cruise operator Carnival Corporation, and Sachin Mehra, the chief financial officer of Mastercard to its board....
...And Carnival’s joint venture partnership with China State Shipbuilding Corporation, CSSC-Carnival, is set to have its first cruise ship to serve mainland China delivered in 2023....
...Holiday travel: Cruise line Carnival Corporation will provide a business update that could provide insight into consumer holiday travel....
...The San Francisco-based group has appointed Arnold Donald, former chief executive of cruise operator Carnival Corporation, Sachin Mehra, chief financial officer of Mastercard and Mason Morfit, chief executive...
...And it has a variety of other antitrust problems in the west too. The EU is looking at its iMessage business. It’s got issues and unfortunately drag down Elaine’s portfolio a little bit as a result....
...Notable holdings include stakes in Aston Martin; Carnival, one of the world’s biggest cruise line operators; and Lucid, an electric vehicle manufacturer that is building a production plant in Saudi Arabia...
...“No one was looking to do a business film,” says Weiser. More specifically, no one was looking to do a critical business film. But it was hard to ignore a zeitgeist steeped in financial scandal....
...Industry projections suggest cruise passenger numbers will surpass 2019 levels next year, but some of Barcelona’s residents object to the return of business as usual....
...Carnival Cruise Line, a subsidiary of Carnival Corporation, said the week to April 3 was the busiest for bookings in its 50-year history....
...The airlines are a different story: As with the cruise lines, Wall Street is looking for airline revenue to come back strong in 2023....
...They seek only their interest from the loans extended to Carnival, as both the funding sources and the cruise lines blithely ignore the societal costs incurred, as its vessels have seemed to be Petri dishes...
...Norwegian Cruise Line Holdings fell 2.6 per cent, while Carnival Corporation moved 1.3 per cent lower....
...Carnival, which has been unable to operate in its core US market since March last year, last week said it finally expected to return three of its US-based cruise lines to service by July....
...On the same day Moody’s slashed Carnival Corporation’s credit rating and the World Health Organization declared Covid-19 a global pandemic, David Bernstein, the cruise company’s finance chief, was in the...
...The chief executive of the world’s largest cruise company has said that shrinking its fleet due to the pandemic will slow Carnival’s full recovery until 2023, as cruise lines battle prolonged lockdowns and...
...The reduced rate brings Mainz in line with nearby Ingelheim — home to Germany’s second-largest pharmaceutical company, Boehringer Ingelheim — and makes the city a far cheaper place to do business than neighbouring...
...Sir John Parker, who is chair of Laing O’Rourke and a director of Carnival Corporation, agreed....
...Cruise ship operator Carnival has been struggling all year to reduce interest costs, having issued notes with a 11.5 per cent coupon in April 2020 just to keep afloat. But its story is atypical....
...Frank Del Rio of Norwegian Cruise Line and Arnold Donald of rival Carnival generated respective average returns of -18 per cent and -13 per cent, while Richard Fain of Royal Caribbean Cruises managed to...
...Its net debt to estimated 2022 ebitda ratio is a scary 6 times, above Carnival Corporation’s near-5 times. But it is not alone in issuing healthy shipping forecasts....
...Carnival Corporation, the world’s largest cruise line operator, said on Wednesday that it hoped to have all of its 90 ships running by the end of the year but would only have 12 per cent of the fleet in...
...Josh Leibowitz, chief executive of the luxury cruise line Seabourn, describes the atmosphere as being “like a start-up”. “We’re talking about restarting a whole business,” he says....
...“These cruise lines have issued billions and billions of dollars worth of debt just to address their monthly cash burn rate. The money is going out the door almost as fast as it is coming in.”...
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