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Why Carnival Corporation Stock Popped Today

As reported on Sunday, “cruise ship occupancies [are] on the rise at Carnival,” with the new Carnival Mardi Gras, for example, boasting 85% occupancy on its cruises ’round the Caribbean. “Carnival Cruise Line [is] said to have been increasing occupancies as ships get back into service, crew gets accustomed to new protocols and demand continues to rise for cruise vacations,” reports CIN, and the company is on track to have 15 ships from this brand back in service — with 50,000 berths aboard — by the end of this month.

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