KentWeakley/iStock via Getty Images Investment Thesis The cruise industry is still in the midst of a strong consumer spending cycle, as manifested in Carnival Corp.’s (NYSE:CCL) Q1 earnings report in March this year. The company’s management had described their Q1 performance as “fantastic across the board” with “yet another set of records,” as the company registered “record revenues, record bookings, and record customer deposits.” The popularity of Carnival’s cruise packages in the Caribbean, Alaska, and E ...