The outlook for Carnival presented Monday was encouraging.
Unlike its customers, Carnival Corp. shareholders should focus on the destination, not the journey.
Many expected the world’s largest cruise line to be profitable again three years after the arrival of the Covid-19 pandemic with so much of the tourism and leisure sector booming. They will have to wait a little bit longer for this very capital-intensive business to get there. The company lost money in its fiscal first quarter ended Feb. 28 and might still be in the red for the year as a whole as it unloads the financial ballast picked up since the global health emergency.
Carnival’s Ship Will Come In Eventually
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