crompton21

Gary isn't proving a big draw if I am right on the pricing!

It's for people who have already booked on the cruise, so it's more about stopping cancellations I assume. Keep an eye on the price after 14/8/22, there might be a bargain to be had.

As you say, this is now almost a binary outcome, not what you would have expected when you bought shares in a FTSE 100 company. To answer the question in the title of this thread perhaps "should I buy shares in a loss making company that owes 30 billion dollars?" would help.

My understanding of the accounts led me to believe that the funding costs of the ship are also capitalised, or at least that’s what I think the accounts say. As the duration of the loans are significantly shorter than the 30 year write down period the interest costs are consequently still hitting the P&L long after the actual payments have been made. I seem to remember some analysis of this pre covid with some analysts not being entirely comfortable with it.

Interesting that the first webcam was named Geiraingerfjord cruise port by whoever set up the account (many years ago by the look of it).

Carnival have just issued another $1 billion of loan notes, the issue interest rate was back to 10.5% having been about half of that last year. The more interest that they pay, the less profit they make (or increased loss). Clearly at this moment they are having to pay to borrow money at extortionate rates which is reflective of the view lenders are taking on the likelihood of the loan defaulting. shareholders appear to be taking a similar view.