https://www.fool.com/investing/2022/05/18/carnival-what-nobody-talks-about/
I knew CCL (like the other lines) took on debt during the pandemic, but I had no idea the hole was THAT deep. I also read they're trying to sell their Seabourn line. They'll need to do a hell of a lot more than that to put a dent in the $35 BILLION that they owe.
No wonder CEO Arnie Donald pushed the eject button and is getting out soon. He probably is tired of the constant headache he has while trying to figure out how to service all that debt. And here I thought it was because they didn't approve his monstrous pay bump.
Get your CCL cruises in soon, because who knows where they'll be in a few years.