Caribbean Capacity ExposureRising industry capacity in the Caribbean could weaken pricing and yields on heavily exposed itineraries, creating downside pressure on revenue.
High Leverage And Capital SpendingElevated leverage combined with sizeable capital expenditure plans may strain near-term cash flow and raise financial risk for the balance sheet.
Operational Disruptions And Drydock TimingShip delivery delays and increased drydock days can reduce available capacity, increase operating costs, and create short-term headwinds to yields.