Agreed. 90% occupancy and they're still losing $0.65 a share which is probably what drove the big sell off. I missed getting some stock at $7.01 today but think I will have more opportunity to do so next week or when RCL or NCLH report results.
I never got a good sense of why the loss was so much larger than expected. Interest and depreciation expenses can be forecasted so that's unlikely the reason. I suspect it was the spike in oil prices and food inflation in June-Aug 2022 which means those should abate as the year goes by and in 2023. Unfortunately, I think Carnival also needs to learn from RCL's playbook - cut out free lunches at Cucina and Jiji, cut out lobster and steak at the MDR, raise drink package prices, sell far more specialty dining......