Bear Flag in Royal Caribbean
It's time to reverse here with the gap being filled and prices between 11/24 and 12/22 and topping at $79.95. Carnival missed earnings and revenue estimates. Omicron was not felt yet in their quarterly report. The companies are taking on a big risk bringing ships back to service in the middle of a raging pandemic. Customers may happily scoop up cabins for $33 per night, but may be upset when they are quarantined for 24 hour stretches, or cannot exit the ship at regular ports of call. Expect cash burn to be high and customers to be dissatisfied.
It's time to reverse here with the gap being filled and prices between 11/24 and 12/22 and topping at $79.95. Carnival missed earnings and revenue estimates. Omicron was not felt yet in their quarterly report. The companies are taking on a big risk bringing ships back to service in the middle of a raging pandemic. Customers may happily scoop up cabins for $33 per night, but may be upset when they are quarantined for 24 hour stretches, or cannot exit the ship at regular ports of call. Expect cash burn to be high and customers to be dissatisfied.