Broker warns of risk for Carnival, cruise majors shares in double digit dive

Carnival Corporation & plc  (logo)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,” reports on its website.

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