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Carnival stock sinks after cruise line warns of longer voyage to turning profit

Por: New York Post Business October 01, 2022

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Carnival on Friday forecast a loss for the fourth quarter as higher fuel prices and rising costs of everyday essentials delay its return to profitability, sending the cruise operator’s shares down 19% in midday trading. Decades-high inflation has further hit cruise operators that have been running at a loss ever since the pandemic broke out in 2020 for an array of reasons including lockdowns, bans on cruises, safety and pandemic-led shortages... + full article



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