Carnival Corp (CCL): Carnival surfs the second wave of COVID-19
2020 AUG-1: Carnival Corp will resume cruise ship travel with 8 trips planned starting Aug 1st.
Just as most COVID cases have peaked in New York and around the world, CCL is announcing a return to business-as-usual. This announcement was made despite CDC warnings.
A second wave is highly anticipated. The stay-at-home protesters (although a small minority) aren't helping to contain the spread. However, cruise vacations may not a be a priority for the economically troubled middle and lower classes. Difficult to tell how high demand will be. Then again, consumers have been bottled up at home. Enough will book cruises to create positive (short-term) outlook. Unless Carnival enacts social distancing measures that succeed on their ships, I don't see them exceeding 3 trip this year before an outbreak forces them to suspend travel again.
I have no faith in them or the travelers aboard to follow strict guidelines. We can't even do it at home. Imagine a boat full of entitled travelers looking to break from the reality that is COVID.
Thanks for reading my non-technical mumbo jumbo. I read the news and speculate human stupidity and greed. Also, science trumps all.
What do you think of this idea?
References:
COVID has peaked: https://www.cidrap.umn.edu/news-perspective/2020/04/cuomo-says-covid-19-cases-have-peaked-new-york
Carnival Cruises resumes August 1st: https://www.cnbc.com/2020/05/04/coronavirus-carnival-cruise-line-says-it-will-sail-again-august-1.html
Just as most COVID cases have peaked in New York and around the world, CCL is announcing a return to business-as-usual. This announcement was made despite CDC warnings.
A second wave is highly anticipated. The stay-at-home protesters (although a small minority) aren't helping to contain the spread. However, cruise vacations may not a be a priority for the economically troubled middle and lower classes. Difficult to tell how high demand will be. Then again, consumers have been bottled up at home. Enough will book cruises to create positive (short-term) outlook. Unless Carnival enacts social distancing measures that succeed on their ships, I don't see them exceeding 3 trip this year before an outbreak forces them to suspend travel again.
I have no faith in them or the travelers aboard to follow strict guidelines. We can't even do it at home. Imagine a boat full of entitled travelers looking to break from the reality that is COVID.
Thanks for reading my non-technical mumbo jumbo. I read the news and speculate human stupidity and greed. Also, science trumps all.
What do you think of this idea?
References:
COVID has peaked: https://www.cidrap.umn.edu/news-perspective/2020/04/cuomo-says-covid-19-cases-have-peaked-new-york
Carnival Cruises resumes August 1st: https://www.cnbc.com/2020/05/04/coronavirus-carnival-cruise-line-says-it-will-sail-again-august-1.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.