Report
Delphine Chauvin

Carnival : Get on board, but with the right securities

Carnival, like other cruise lines, are certainly among the companies that are suffering the most from the Covid pandemic. As for more than a year now, this sector has had no income at all (airlines and hotel groups have been operating at reduced capacity but have not come to a grinding halt) and have stayed afloat thanks to the funds they can raise on equity and bond markets (they cannot claim state support like many airlines for example). Since March 2020, Carnival has indeed is...
Underlying
Carnival plc

Carnival is a leisure travel and cruise company. Co. operates over 100 cruise ships within a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences. Co.'s North America cruise brands include Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn. Co. also has a Cruise Support segment that represents its portfolio of port destinations and private islands, which are operated for the benefit of its cruise brands. In addition to its cruise operations, Co. owns Holland America Princess Alaska Tours, the tour company in Alaska and the Canadian Yukon, which complements Co.'s Alaska cruise operations.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Chauvin

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