Industrial Design and Tourism: Carnival
Carnival is one of the
largest cruise operators with a fleet over 100 vessels. Its stocks are traded
65% off 2021 peak prices. The company suffered much from COVID-19 restriction
when its ships had to be anchored while paying huge maintenance fees. The
recent Q1 2022 financial report of the company may not be ideal, but it has
demonstrated a steady gradual return to the prepandemic numbers.
Carnival has reported
that 91% of its vessels’ capacities are booked for June, according to the
financial Q2 2022 report. More reservations are being made for the months to
come. Revenue soared by 50% year-on-year to $2.4 billion. However, Carnival
finances are looking fragile as it became cash flow positive only with clients’
deposits that were made in reservations. The overall amount of such clients’
deposits topped $5.1 billion. In comparison, the amount of the deposits for Q1
2019 was at $5.8 billion.
Carnival is going to
restore 100% of its capacity use in the near term, and the long-term
perspectives are seen to be very promising. The number of reservations for the
second half of 2022 outpaced 2019 comparable level. Short-term cruises are
looking much more promising now, and the company may surprise investors if more
vessels are made operational.
The return to the
target price of $20 per share in the middle-term seems to be realistic.
Disclaimer:
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
Content Ownership:
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
Community Guidelines:
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.
