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Reuters
Bargain cruises may hurt Carnival margins
Carnival Corp is expected to report a smaller quarterly loss and a spike in revenue when it announces second-quarter results on Friday, but bargain-basement prices for some cruises may squeeze the cruise operator’s margins. “Your typical Carnival, Royal Caribbean or Norwegian Cruise this summer to the Caribbean is about as cheap as we’ve ever seen it,” said Truist Securities lodging and experiential leisure analyst Patrick Scholes. Cruise Critic, by online travel company Tripadvisor, reported that an interest in cruise vacations this summer is rising when compared to the same period in 2021.
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