Cruise line stocks are facing a bleedy nightmare after Carnival (NYSE: CCL) reports that it misses EBITDA and earnings for Q2 2022 due to weak revenue generation. Total advanced bookings were reportedly lowered in prices. Post covid sales and economic downturn are the challenging factors for cruise lines that have to witness weak demand for their services.
CCL fell 23% to $7.03 being the biggest loser among its counterparts. RCL slides 13% becoming the most expensive cruise stock while Scandinavian NCLH is down 18% waiting for the cold autumn season.
Soon Carnival stock may trade under $5 value following the regressive indices across US and Canada.