SHIPBUILDER NOTIFIES CARNIVAL CRUISE LINE THAT CARNIVAL JUBILEE DELIVERY WILL BE DELAYED
Carnival (NYSE: CCL) (NYSE: CUK) had a difficult time during the early days of the pandemic. Carnival faces the impact of higher interest rates on its variable-rate borrowings, which could lead to higher costs. Demand for cruising is back, and Carnival is progressing toward its earnings goals.
This week has not been a fun time to own shares of Carnival (NYSE: CCL) (NYSE: CUK). Including today's 3.4% slide through 1 p.m. ET, Carnival stock has lost more than 10% of its value since the week began. On Tuesday, you see, investment banking heavyweight J.P. Morgan waded back into the cruise space with a trio of stock initiations.