Carnival stock sinks toward a 30-year low as losses and revenue misses keep piling up

Shares of Carnival Corp. sank to a post-pandemic low after the cruise operator reported yet another wider-than-expected loss and sales miss, even as capacity improved to 92%.

The stock
CCL,
-20.03%
,
which was the biggest decliner in the S&P 500 index
SPX,
+0.01%
,
plunged 19.1% in morning trading, to break below the previous post-pandemic closing low of $7.97 on April 2, 2020. It was headed for the lowest close since…

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