Carnival May Finally Be on the Path to Profitability
The cruise line industry is charting a course for a comeback next year, and Carnival (NYSE: CCL) (NYSE: CUK) is going to be one of those steaming to the forefront. The ship operator reported fiscal fourth-quarter results that missed Wall Street's top- and bottom-line estimates, but the market still gave its stock a celebratory send-off because it suggested that cruise lines are going to make it out of the crisis intact.
Not even the omicron variant of COVID-19 seems to have knocked Carnival off course. Many are beginning to suspect this more pernicious but less deadly variant is the way we finally move beyond the pandemic, which is good news for this cruise line and the industry as a whole.
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Source Fool.com
