TROUBLE FOR THE WORLD'S LARGEST CRUISE COMPANY - Carnival Halts New Cruise Ship Construction
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Creator's Key Takeaways
Carnival Corporation carrying a massive 34.55 billion billion dollars in debt
Carnival Corporation said on Wednesday that in the era when their competitors are ordering new cruise ships building new cruise ships delivering new cruise ships well they choose not to
Carnival Corporation has not been profitable on any quarter since the restart of cruising they lost money again last quarter
I'm by no means an expert in finance that's just my Layman's walking through what I see happening
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Cruise News Time! Carnival Corporation is one of the world's largest cruise ship operators, with a fleet of more than 100 ships that sail under 10 different brand names, has announced that it will not be building any new cruise ships for the foreseeable future. Carnival Corporation is carrying a massive debt of over $35 billion. How as this contributed to its decision to stop building ship for now and what does it mean for investors. Is bankruptcy looming? Cruise News! Let's talk about it. #cruisenews #carnivalcoporation