It took the world's largest cruise line a long time to get back on track, but investors don't see it that way. Shares of Carnival (NYSE: CCL) have surrendered nearly half of their value in 2022, down 65% since hitting a post-pandemic peak in the springtime of last year. Carnival isn't alone.

Smaller rivals are also taking in their fair share of water. Royal Caribbean (NYSE: RCL) and Norwegian Cruise Line Holdings (NYSE: NCLH) are down 49% and 56%, respectively, from last year's high-water marks. Can the cruise ship operators bounce back? We'll get a good glimpse on the state of the industry when Carnival reports fresh financials later this month.

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Source Fool.com