What did this article say?
Carnival Corporation (CCL) shares have experienced a significant decline, approximately 25%, attributed to escalating geopolitical tensions and their potential impact on fuel costs. Analysts are quantifying the effect of higher fuel prices on future net income, with a base-case scenario projecting a notable increase in blended average fuel costs. Despite these headwinds, some investors are considering a contrarian approach, identifying potential opportunities amidst the downturn.