Last Friday, Carnival Corporation forecast a loss in the fourth quarter after it reported third quarter financial results which fell well short of Wall Street estimates. Carnival had a net loss of $770 million for the third quarter of 2022.

Carnival’s revenue has now missed expectations for the last ten (10) straight quarters dating back

As the Miami Herald reported this week in an article titled Top U.S. Cruise Lines Set to Allow Passengers Without COVID-19 Shots on Most Voyages,  “Royal Caribbean and the other major cruise lines are moving to soon allow passengers to board most voyages without COVID-19 shots.”

The “big three” cruise companies, Carnival Corporation, Royal

Carnival Corporation CEO Arnold Donald recently stated on the cruise giant’s second quarter and business update call that Carnival Cruise Line is expected to operate at “110 percent occupancy” for the summer season. He stated “Carnival Cruise Line also became our first brand to sail its entire fleet in May and is expecting occupancy to

Yesterday, CNBC reporter Seema Moody tweeted that Carnival Corporation (“Carnival”) was “in discussions to sell (its) Seabourn brand to the Saudi sovereign wealth fund.”

This development seems to have surprised some people, but is understandable in light of Carnival’s considerable financial troubles.

This week started ominously for Carnival with its stock (CCL) falling to