"Market Report -- In Play (CCL)
September 26, 2001 08:50:00 AM ET
Carnival Corp (CCL) 20.73: Deutsche Banc Alex Brown upgrades to Buy from Market Perform; notes that Renaissance which represents 3% of worldwide supply has ceased operations, removing supply from the chain; sets 12-month target of $27.
Carnival Corporation Brands Achieve 97.7 Percent Occupancy Level for Past Week
September 26, 2001 09:18:00 AM ET
MIAMI, Sept. 26 /PRNewswire/ -- For departures for the period between Wednesday, Sept. 19 and Sunday, Sept. 23, 2001, the six brands of Carnival Corporation CCL operated at an occupancy level of 97.7 percent.
During this period, the six brands -- Carnival, Holland America, Windstar, Seabourn, Costa and Cunard -- carried 58,718 guests.
"Obviously, the strengthening in occupancy levels is very encouraging and clearly indicates that consumers are resuming their vacation plans, including returning to the airways," said Micky Arison, Carnival Corporation chairman and CEO.
He added that despite the increased security at airports and seaports, delays have been less than anticipated and consumers are demonstrating a desire to begin traveling again. "It's apparent that based on these numbers Americans are heeding the advice of our elected officials and returning to their normal activities, which includes taking vacations," Arison said.
....beginning to wish I had bought more stock last week...