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.
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I really think that Royal will end up being the biggest cruise line before all is said and done.
My daughter’s Stocking holder didn’t hold and fell on her head when she sat by it. Big bump and tears!
Very smart on carnivals part not to keep making more ships. To be honest they keep making ships but not having enough staff to work them and you can feel the squeeze on all the nickel and dimming they have been doing. I’m still going to be a fan with 50 plus sailings on just them but they need to concentrate on the fleet and keep them in good condition
It's best CCL stick to with what they got to save money. All these ships coming out year AFTER year is straight BUT think about how much can be saved by upgrading & repairing some of them.
As I have said several times…Take care of passengers when issues occur instead of blowing them off and, they will sell cruises for you instead of going to other cruise lines and telling everyone how badly you have been handled by Carnival and their affiliated brands.
It's called customer service…..I know enough past Carnival and affiliate brand cruisers that have been treated so badly they will not be back. Can't fill ships without customers. Carnival and there affiliates became the biggest brand because at one time they cared about the customer instead of just its bottom line.
Hi do you know what the issue is with ncl Gem as it currently showing sold out from Jan 02 to April 30 2023.
uh, the BEST way to eliminate debt, get the 15% of cruisers onboard…..how, STOP WITH ALL THE COVID RESTRICTIONS IMMEDIATELY!!!!
My Wife & I have over 300days combined with them, we have loved every day we had cruised with them, but WILL NOT BE BACK UNTIL THEY STOP WITH ALL THE COVID RESTRICTIONS…..
do this & they will soon be back to 100% capacity
I was just going to book a Princess cruise. But now you have me thinking.
I heard in early December that Carnival aquired two Costa ships and were planning on making Italian-themed cruises with them. I wonder if those are the two Costa ships being sold?
well, the Mardi Gras is a cool new ship and loved it last year and will continue to sail CCL. Happy belated Christmas and thanks for all the caaaruuuze new.
We always cruise Carnival to maintain and increase our status… however, our last three cruises have been with Royal Caribbean. We’ve found that RC is now actually cheaper than Carnival when the opposite use to be true.
Smart move for CCL. I see pics of the new ships being built and I see monstrosity’s. I expect that companies are going for economies of scale but for me it doesn’t necessarily mean a better cruise experience. I’ve been on the CCL Spirit and the on the Glory more than once. I’m happy with that class of ship. I have more good memories of those than my experience on RCL Allure.
Definitely NOT a fan of Carnival!
I think Carnival is taking the correct path.
I’m fine with Carnival not building new ships. My first cruise was on sunrise (the poop ship) after it had been updated. I also sailed on sunshine and conquest, both could use come cosmetic repairs as well as maintenance repairs. I would rather see Carnival update the ships they have instead of building more.
It is wise to spend maintaining the cruise ships that they have.
The others are building more ships because they don't have enough to get rid of their debt for 5 years. CCL can get rid of debt in 1-2 years.
I know we didn’t cruise with Carnival due to the strict vaccine requirements. Looks like those decisions are harming the bottom line.
What’s the point of building new ships if you can’t fill the ones you have right now? I like traditional cruises. Although it helps to attract new customers but don’t need all those bells and whistles to cruise. I barely get in the pools since the pandemic
Hope you & your lovely wife had a fabulous Christmas Day x🎉
I think carnival has a handle on what’s happening and the way they are going about the fees is not only helping their bottom line but also being conscious of food waste is a great way to reduce spending.
I think they're doing alright considering. They had such deep discounts to get people back on board after the reopening that revenues were low. Offering cheap and even free rooms and including drinks. Alcohol is a huge source of revenue and expense. When they're giving it away, it affects both debt and revenue in a negative way.
I believe they are heading the right direction. I also feel holding off on new ships and added debt is a wise choice. During the shutdown they took on so much debt with no revenue, I'm surprised they made it through.
I recently added to my Carnival stocks, so much is my faith. People, like myself, love to cruise. Lower losses than predicted are a good sign.
Hope your Christmas was great!
Cruise companies have a hard long climb to take to get out of the hole world governments put them in during Covid.
Yeah they need to stick to the ships they have… Like after the Jubilee no more! Leave it alone for a couple of years before bankruptcy is even a conversation! I hope they can find a way out this massive debt because WHEW! That is a LOT!
I with Carnival on this move..
Well I hope they're going to be ok. I just booked on the new Carnival Conquest that's coming next year.
Good call by Carnival!! Another issue and we. have been appreciative but giving tons of OBC just to make clients happy is not viable!! I think they will be ok but needs to look at what all they give away which cost the company tons of money!!
Yes sir the definition of inflation is 🤪🤪let’s raise all the prices and wait for the customer who comes with the same $20 to come to our product and then wonder why they don’t have enough or even buy the product. And when you use ice cream as a saving measure. I don’t know about you, but I think that goes beyond desperate
Do they even need new ships? They seem to be working well with what they’ve got.
As a shareholder yes I believe Carnival is in real trouble. THE fun ships are not going to be able to draw cruisers who are not okay with old ship, and smelling sewage during their cruise.
THE CUTS WILL HAVE AN AFFECT ON THE FOOD QUALITY AND OTHER THINGS ONBOARD THEIR SHIPS.
They are building too many LNG ships, they missed the mark and it will keep the old folks off them.
Smart 🧠
Maybe they just want to be fiscally responsible and get out of debt.
I certainly hope Carnival figure’s something out. It seems to me that increasing the number of passengers per sailing would help. I agree that selling less profitable assets is a good move.
Carnival is 30+ billion IN DEBT and the USA is 30+ TRILLION in DEBT
Merry Christmas and Happy New Years
It’s no secret they need money. They have new ships out right now. Buy new ships on credit just can’t happen right now. They are just trying to stay in business.
Carnival is facing the reality of higher interest rates just like everyone. It was easy to contract for new ships every year when money was free.
I expect the financial picture will improve as the huge amount of obc they gave away as a means of compensating disappointed guests during the pandemic gets used up or expires.
With all the new capital spending on rollercoasters, etc, I do feel like they have been sacrificing service. A lot of the fun and idiosyncratic things I appreciated about Carnival are gone: such as the Carnival Legends concert and the creativity of individual cruise entertainment staff. Every cruise seems much more formulaic now.