Covid, double digit inflation, energy crisis means cruising is the last thing on many people’s minds at the moment.
Venice increasingly off limits to cruise ships and I’m sure they won’t be the only port to decide enough is enough…
And Carnival are literally billions in debt.
I’d say the lack of dividends were the least of a Carnival shareholder’s worries.
Plus as the chart above shows the shares were falling for years before Covid hit. Care to hazard a guess as to why that might be…?