Sailing the Seas of Risk: Carnival vs. Royal Caribbean

Both companies lost billions during the pandemic, then borrowed more money to get their ships out of dry dock. It’s like borrowing petrol to put out a fire, but with cocktails and a steel band. Over time, they’ve filled cabins beyond capacity-because nothing says “financial stability” like cramming 110% of humanity into a stateroom. They’ve added ships, but not fast enough to keep up with bookings. Carnival’s 2026 reservations are already overflowing, which is either a triumph or a cry for help. I can’t tell; I once invested in a pet rock.







