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Why Investors Are Still Betting on Carnival Cruise Line

What’s driving the irrational optimism for an industry least likely to survive a pandemic?

Illustration: Guillem Casasus

Carnival Cruise Line has a new ship on the way, and it’s a doozy. The Carnival Mardi Gras is a 180,000-ton, 18-deck marvel, accommodating 6,630 passengers, and boasting among…

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