[Presbyterian Reporter]

Carnival Cruise Lines CCL has taken on $24 billion of long term debt in the past two years to keep themselves afloat as they deal with the China Pandemic.

CCL used to have $7 billion of long term debt on their books and now they have over $31 billion.

CCL, like the other cruise lines, is in bad shape. And there is no end in sight.

[Capt. Tom]

Carnival Cruise Lines CCL has taken on $24 billion of long term debt in the past two years to keep themselves afloat as they deal with the China Pandemic.
CCL used to have $7 billion of long term debt on their books and now they have over $31 billion.
CCL, like the other cruise lines, is in bad shape. And there is no end in sight.

All it will take is one creditor to force them into bankruptcy. -Tom