Bullish outlook, but Covid-19 not out of picture yet

Bullish outlook, but Covid-19 not out of picture yetThe outlook for 2022 is much better than what the industry has been forced to endure in the past two years. But bookings took a dip in August, when the Delta variant of Covid-19 caused a surge in infections in the USA. The pandemic remains a challenge.

On 13 October 2021, a report on Seeking Alpha (investment tool website) stated that CCL’s revenues, which were projected at a mere $2.56 billion for the 2021 financial year, should reach $17.43 billion in 2022 and $22.06 billion in 2023, exceeding the pre-pandemic level of $20.83 billion in 2019.

Meanwhile, RCG said it expected to be cash-flow positive by spring 2022 and profitable for the full year 2022.

NCLH said it continued to expect to reach a critical inflection point in the first quarter of 2022, with operating cash flow turning positive. “In addition, based on the current trajectory, the Company expects to be profitable for the second half of 2022,” it stated in its third-quarter interim report.

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