While leading cruise line operator Carnival Corporation & plc (CCL) has been in rough waters amid the coronavirus pandemic, it is now benefiting from a surge in travel spending. The rebound in travel activity has helped CCL gain significant momentum. It trades above its 50-day and 200-day moving averages of $10.01 and $9.68, respectively.
However, the company faces significant challenges, including its massive debt load. Moreover, its bottom line is still in the red, and it might take a while for CCL to return to positive net income.
