Princess stock continues to go down.

[CineGraphic]

1 minute ago, azbirdmom said:

 

Expecting a venue that you paid for to be open is not asking too much.  It's the extra niceties that we were all used to that won't be back anytime soon, if ever.

 

Getting less than advertised is never an easy pill to swallow

 

[Guest ldtr]

12 minutes ago, Astro Flyer said:

Thanks…it’s the same article I read about the problems so much debt has created & the difficulties of recovery with so much debt.

 

“Sales have increased recently, but this has come at a cost. Carnival continues to lose money from operations. In fact, last quarter's increased revenue led to a steeper cash outflow from operations”.

 

Basically they lost a billion before depreciation on their operations.

 

NCLH and Royal are doing about the same as a percentage of their revenue as losses as well (smaller loss, but less revenue)

 

None of the 3 holding companies are doing at all well.

Edited June 11, 2022 by ldtr

[ChutChut]

6 hours ago, jimbo1683 said:

Stock markets are down and recession is predicted for 2023. It's bigger than Princess' customer service I'm afraid

I wouldn't be surprised it we plummet into a depression.

[caribill]

5 hours ago, pwlee49 said:

GAS......GAS🤔GAS....

 

That is one of the main reasons all cruise company stocks are down along with the rest of the market.

 

Honestly, the market does not care at all if the Princess app works or not or if people are unhappy that one ship on Alaska itineraries skips most ports.

 

In the last couple of days, CCLCorp stock has been among the top 10 stocks by number of shares traded, with daily trades about twice the number of shares normally traded. This high number of shares traded is definitely not from cruisers buying or selling 100 chares.

[tetleytea]

Ah, 100 shares of Carnival is cheap.

 

Isn't that great? 

[wowzz]

For a different perspective,  look at one of the last posts on this thread:

https://boards.cruisecritic.co.uk/topic/2858381-when-will-carnival-shares-be-worth-buying/#comment-63369027

 

[nini]

Everything is crashing, not just Princess.

[BabsinTX]

On 6/10/2022 at 8:46 PM, azbirdmom said:

We tend to judge Princess on the pre-pandemic experience but that's not likely to return any time soon.  The reality is that CCL is struggling financially even as bookings improve.  If anyone wants to see how grim it is, Seeking Alpha had an article last week about CCL that was truly frightening.  At this point I will keep enjoying cruising on Princess as long as they keep us safe, other than that I'm not going to stress about missing gold Elite amenity bags or turn down service.

This reminds me of a story from decades ago:  "… Robert Crandall, the head of American Airlines at the time, calculated that if they removed just one olive from every salad served to passengers, nobody would notice and the airline would save $100,000 a year. Creative cost-cutting took off from there."

 

I don't need goodie bags, turn down service, towel animals, free wine or bar setups, lobster on the menu, fancy shows in the theater with complicated sets, photos, etc.  I do need a clean cabin and ship, safety-conscious, healthy and well-trained officers/crew, and interesting ports of call.  I DO want Princess to survive for the long term.  I think about how much $$$ was wasted on the stupid app and how it aggravated so many passengers.  That was a self-inflicted wound that had nothing to do with the pandemic.

[MissP22]

10 hours ago, nini said:

Everything is crashing, not just Princess.

I'm surprised it took this long for a major correction. 

[azbirdmom]

10 minutes ago, BabsinTX said:

I think about how much $$$ was wasted on the stupid app and how it aggravated so many passengers.  That was a self-inflicted wound that had nothing to do with the pandemic.

 

Agree 100%.  The app was / is a self-inflicted wound that has added to their call volume making the short staffing situation even worse.  And of course has created stress when it comes to planning a relaxing getaway.  I've mentioned in 3 surveys now that they need to nail the basics and deal with the frills later.  Our onboard experience has been excellent and I sure hope they can survive the true challenges that the pandemic has inflicted.

[nini]

23 minutes ago, MissP22 said:

I'm surprised it took this long for a major correction. 

Agreed!

[Chad_O]

To my eyes, the app is not a self inflicted wound. it is a glimpse into the future. I found it a little problematic on my last cruise but prior to that it was great. I expect it to be great on my upcoming cruises. It is easy and convenient. It is different from what we knew but I do think it brings value and I think it is here to stay.  

[MissP22]

I read so many comments about the bad experience using the App on the ship, but on the Enchanted we didn't have a single problem using it. Everything from ordering food, drinks, locating people and watching in room movies worked like a charm.

 

[wowzz]

If people really think that the share price is down because  the app/medallion is not working , they  need to go on an Economics 101 course !

A pension fund with $500 million invested in Carnival is not interested about a 10 minute delay in getting a beer! 

Edited June 12, 2022 by wowzz

[mtnesterz]

3 hours ago, Chad_O said:

To my eyes, the app is not a self inflicted wound. it is a glimpse into the future. I found it a little problematic on my last cruise but prior to that it was great. I expect it to be great on my upcoming cruises. It is easy and convenient. It is different from what we knew but I do think it brings value and I think it is here to stay.  

I don't think the younger crowd, which you may or may not consider yourself, realizes that everything, not just Princess, but other business' too, used to actually work. Now problems are the norm and expected. Who doesn't look nowadays for workarounds and "hacks" before even starting something?

Where is this value you see? Waiting on hold for help with a glitch.? Having to do everything on your phone or tablet yourself?  Order a drink on your phone and hoping it will get to you before the ice melts? Of course the app might lose your dinner reservations. It did ours. Do you work at it yourself or talk to the MDR desk staff and have them provide the service they're paid to do? 

You're likely right, I think ego will make them keep it rather than admit to the blunder. Not to say, as Wowzz mentioned, contributing to the share prices, but it's never good to alienate customers and takeaways and wonky apps do.

[voljeep]

16 minutes ago, wowzz said:

If people really think that the share price is down because  the app/medallion is not working , they  need to go on an Economics 101 course !

A pension fund with $500 million invested in Carnival is not interested about a 10 minute delay in getting a beer! 

How was it decided that the Princess demographic was the perfect beta group to try out the OM and app?  why not Carnival or Hal?

[wowzz]

Just now, voljeep said:

How was it decided that the Princess demographic was the perfect beta group to try out the OM and app?  why not Carnival or Hal?

Well, obviously not Hal, because of their age demographic! 

[voljeep]

2 minutes ago, wowzz said:

Well, obviously not Hal, because of their age demographic! 

so Carnival Corp just sacrificed the Princess brand instead of the Carnival 'party ship' brand

[wowzz]

10 minutes ago, voljeep said:

so Carnival Corp just sacrificed the Princess brand instead of the Carnival 'party ship' brand

I'm not sure they sacrificed anything.

The medallion and the app have worked perfectly for me and thousands of others. Obviously,  as with all things,  those who have  problems  complain the most, especially on here, but cc is a specialist  forum,  and not representative of the mass cruising market. 

Sometimes we all need to step back, and remind ourselves that cc is just a minority forum, that does not truly represent those who cruise once every couple  of  years.

[rdsqrl]

1 hour ago, wowzz said:

I'm not sure they sacrificed anything.

The medallion and the app have worked perfectly for me and thousands of others. Obviously,  as with all things,  those who have  problems  complain the most, especially on here, but cc is a specialist  forum,  and not representative of the mass cruising market. 

Sometimes we all need to step back, and remind ourselves that cc is just a minority forum, that does not truly represent those who cruise once every couple  of  years.

People who cruise once every couple of years and aren't on CC are exactly the people the wonky medallion and app will turn off!  They're not the ones emotionally invested enough in Princess to figure out workarounds and hang on hold with Princess support for an hour. 

 

I think the "complainers" [your word] on CC are more like an iceberg:  we're the 10% floating on the water, while there are 90% of cruisers glugging along under the water, trying to make the tech work and writing off Princess. 

[Chad_O]

3 hours ago, mtnesterz said:

I don't think the younger crowd, which you may or may not consider yourself, realizes that everything, not just Princess, but other business' too, used to actually work. Now problems are the norm and expected. Who doesn't look nowadays for workarounds and "hacks" before even starting something?

Where is this value you see? Waiting on hold for help with a glitch.? Having to do everything on your phone or tablet yourself?  Order a drink on your phone and hoping it will get to you before the ice melts? Of course the app might lose your dinner reservations. It did ours. Do you work at it yourself or talk to the MDR desk staff and have them provide the service they're paid to do? 

You're likely right, I think ego will make them keep it rather than admit to the blunder. Not to say, as Wowzz mentioned, contributing to the share prices, but it's never good to alienate customers and takeaways and wonky apps do.

I don't consider myself young at all.  I have worked with the public for 46 years.  I started bagging groceries and gathering carts at my family grocery store. I do remember when businesses worked. They still do. For you to see that problems are the norm says more about you than the current situation. I feel for you. 

 

The value of the medallion for me is in the expedited boarding process. it is in the ability to keep tabs on travelling companions while on board. it is in the ordering and delivery processes while on board. Is the app perfect every time. I assume not. But has it worked for me? Yes-always. Perhaps the value for you will be in the dynamic that I and others can successfully navigate the app and it frees up crew to help you with everything you might need. That would maintain value for me, the crew and add it for you. The world is a wonderful place and problems don't need to be the norm.  

[mtnesterz]

23 minutes ago, Chad_O said:

I don't consider myself young at all....problems don't need to be the norm.  

Apologies for my comment and accept it as hyperbole. Today topped out at 92 and 60% humidity. Weather got the better of me. Glad the app mostly worked for you. I suspect improvements will be made. Been nice if it had worked better for us, but we still had fun.

[MissP22]

15 hours ago, wowzz said:

 

Sometimes we all need to step back, and remind ourselves that cc is just a minority forum, that does not truly represent those who cruise once every couple  of  years.

Isn't that the truth. 😄

Some people believe that CC is representative on 100% of the cruising public when in fact it's only a small fraction at most. 

[Jadn13]

Buy!
If anyone is looking to get into the game, it may be worth doing some research now.

[KLM3164]

21 minutes ago, Jadn13 said:

Buy!
If anyone is looking to get into the game, it may be worth doing some research now.

Definitely a good day to buy if anyone is interested in CCL.