Sumary of Debt-loaded cruise lines’ shares fall as Fed hikes rate and recession fears grow:
- 1, Truist estimates that Carnival holds $35 billion in debt, Royal Caribbean has $25 billion and Norwegian owes $14 billion.
- He also noted the debt cruise companies racked up while their ships were anchored during the pandemic.
- Norwegian, Carnival and Royal Caribbean did not reply to question for comment.
- The declines came during a selloff in the broader market, as the three major indices have taken a beating since the Fed decision Wednesday.
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