Broker warns of risk for Carnival, cruise majors shares in double digit dive
Extreme volatility in shares of listed cruise shipping companies continued on Wednesday as a broker’s critical assessment of the outlook for Carnival Corporation & plc sent valuations of all the three majors sharply lower.
Morgan Stanley slashed full-year EBITDA estimates for Carnival from nearly a $1 billion profit to a $900 million loss, “due to weaker than expected occupancies, weakening pricing, elevated unit costs and higher fuel costs,” Forbes.com reports on its website.
