Choppy Waters for Carnival (CCL) Cruise

Carnival Corporation (CCL) is today’s Under 30-stock. In this segment Jenny Horne and Alex Coffey preview Q2 earnings for Carnival (CCL) which are expected pre-market Friday June 24th. George Tsillis joins the conversation to discuss the new round of challenges facing Carnival Cruise Line (CCL). George talks about the travel sector overall and that many were hoping to recover on an increase in post pandemic travel trends, but instead inflation fears and an increase in cost of services is making Covid recovery a challenge in the industry – Carnival (CCL) included. George also looks at Carnival (CCL) earnings estimates $1.13 EPS, $2.84B Revenue. Alex and George discuss Carnival’s (CCL) overall stability and examine Carnival’s debt to equity ratio. Shares of Carnival (CCL) were trading ~$9.30/share Thursday afternoon. That’s down from ~$51/share in January of 2020.