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Carnival Cruising into the New Year
Carnival Cruise Lines (CCL - Free Report) is getting back to business as usual
The company is on pace to restart over 50% of its fleet by October
By December, the company plans to return 65% of capacity
Carnival stock was up over 5% on the news September 23rd
Carnival shares are up 15% YTD and over 80% the last full year
The stock is still trading well below its all-time high of $72.70
The Zacks Consensus Estimate for the current year is a $6.06 loss per share
Next year, analysts estimate the company will return to profitability
Revenues are forecast to be $17.54 billion next year
Current year forecast calls for just $2.74 billion in revenue