Can Carnival Stock Survive Another COVID-19 Market Crash?

Bradley Freeman, The Motley Fool
·2-min read
Can Carnival Stock Survive Another COVID-19 Market Crash?

Since COVID-19 began dominating market headlines in March, Carnival's (NYSE: CCL) stock price has fallen more than 80% alongside the rest of the cruise industry. The U.S. cruise industry voluntarily suspended operations through at least Oct. 31, extending beyond the latest Centers for Disease Control & Prevention (CDC) no-sail advisory, which goes through September. To help mitigate the COVID-related costs, Carnival accessed both credit and debt markets.