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CCL Liquidity Info


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Interesting tip-bit in the news this morning about "Saudi Arabia’s sovereign wealth fund recently took an 8.2% stake in the company."

 

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Meanwhile, Carnival has enough liquidity to keep the company afloat through November under a “Zero Sail” scenario.

However, under a more optimistic scenario, which assumes that some sailings resume in the summer, the company’s prospects would improve—though profitability would still take a big hit this year. Under that scenario ,the company’s operating cash flow would fall to around minus $2.2 billion this fiscal year from $5.7 billion last year. The Wells Fargo analysts see it rebounding to about $1.4 billion next year.

 

 

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