Hints and tips:
...Separately, cruise operators Carnival and Royal Caribbean told the FT that a single boat in each of their fleets had been affected....
...Carnival shares have risen by more than 40 per cent so far this year as consumers have flocked to the cruise line group’s ships in a resilient leisure and travel demand environment....
...Cruise lines were seen as particularly vulnerable to a fragile economy as they had piled on debt while their fleets were grounded during the coronavirus pandemic....
...In 2019, some 2mn Chinese tourists took a cruise, compared with 14mn people from the US, according to the Cruise Lines International Association, an industry trade body....
...The Cruise Lines International Association forecasts that cruise passenger volumes this year will be 6 per cent ahead of pre-pandemic levels....
...Companies: Carnival Cruise Line will report earnings before the start of trading while pharmaceutical group Moderna holds its annual investor meeting....
...Still, investors should worry about cruise lines running out of steam. Even after a huge rally, the stock prices of cruise companies are well below pre-pandemic levels....
...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....
...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....
...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....
...Hedge funds have lost more than $6bn this year betting against cruise lines and hotels....
...Holiday travel: Cruise line Carnival Corporation will provide a business update that could provide insight into consumer holiday travel....
...Ethan WuThese days, it seems like the Tesla bulls are increasingly talking about non-car business lines at Tesla. They’re like, Tesla’s gonna get in the battery game....
...Russia’s business elite sat ashen-faced as Putin told them he had been forced to start the war and demanded that they rally around the Kremlin....
...The move to Hampshire had been made a little easier as, although Dellal remained creative director, OLG fully integrated the business into its Italian operations, including all manufacturing....
...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...
...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...
...“While not recession-proof, our business has proven to be recession-resilient time and again,” said Arnold Donald, Carnival’s outgoing CEO on an earnings call last week....
...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....
...It is no error that the film includes the line, “Stratton Oakmont is America.”...
...Analysts at Citi said that fuel costs presented the biggest risk to cruise lines’ performance and would “likely remain a significant X-factor as long as volatility persists”....
...Carnival Cruise Line, a subsidiary of Carnival Corporation, said the week to April 3 was the busiest for bookings in its 50-year history....
...Whether Saudi punts on the likes of cruise operator Carnival (backed with $440mn of PIF cash), Starbucks ($480mn) and the Russian Direct Invest Fund ($2bn) constitute “green” investments is therefore unclear...
...Ministers should take a more hardline approach on “culture war” issues, such as the “sexualisation of the education system”, said 31-year-old Matthew MacKinnon, owner of a communications business....
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