Carnival Corporation (CCL), the world's leading cruise service provider, is facing new challenges as the Omicron variant of COVID-19 continues to wreak havoc in many parts of the world. Despite preventive measures in place to prevent the spread of infection, cruise ship itineraries are being delayed due to heightened health risks. In recent quarters, the company reported positive cash flows and a steady increase in booking volumes even after operating at a reduced capacity. However, according to the Centers for Disease Control and Prevention, cruise ships are now being investigated after new cases reaching record daily highs.
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