Why Is Everyone Talking About Carnival?
The earlier stages of the pandemic were particularly rough for cruise companies. Sailings were put on hold, and that meant revenue screeched to a halt. Today, more than a year after ships returned to the water, things are looking brighter for industry heavyweight Carnival (NYSE: CCL) (NYSE: CCK).
The world's largest cruise ship operator may have even reached a key turning point. Carnival's cash from operations turned positive in the second quarter, and bookings show that people are excited about setting sail. Let's take a closer look at why everyone is talking about Carnival.
Carnival is making significant progress after a couple of very difficult years. Now, about 90% of the company's fleet is back in service. Occupancy rose to 69% in the second quarter from 54% in the previous quarter. And close-to-home cruises have even reached 100% occupancy.
Source Fool.com
