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Carnival Corporation is a leisure travel company. The Company’s portfolio of cruise lines, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises and Seabourn. The Company's segment includes North America and Australia (NAA), Europe, Cruise Support and Tour and Other. The NAA Segment include Carnival... see more

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Carnival Corp > Results Suck - Though Not As Bad As Expected

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Post by DeanEdmonton on Mar 27, 2023 12:02pm

Results Suck - Though Not As Bad As Expected

Still lost a ton of mopney at -690 million for the quarter, and added another 1.2 Billion in debt to what is already a huge pile of Debt. Now just north of 36 BILLION on 45 Billion of hard assets. Not much wonder it is dropping after the announcement.

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Comment by DeanEdmonton on Mar 28, 2023 9:41am

I unnderstated their total Debt, it is actually 45.8 Billion, not 36, so more than a dollar of debt for every dollar of hard assets. The interest expense alone is now over $530 million a quarter.

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