Why I'm Changing My Mind About Carnival Stock
The Motley Fool
FEBRUARY 20, 2024
Perhaps no industry suffered more during the pandemic than the cruise industry. Due to lockdowns, cruise lines had to shut down for more than a year, leaving some investors to question the industry's ability to survive. Indeed, Carnival (NYSE: CCL) had to take on massive debt to stay in business, as its debt ballooned from just over $12 billion in fiscal 2019 to nearly $36 billion by the end of fiscal 2022.
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