Reported about 1 year ago
Carnival Corp has raised its annual profit forecast for the second time this year, attributing it to higher prices for itineraries and sustained demand from Americans for cruise holidays. The company's U.S.-listed shares rose 6.71%, with 2024 being a record year for cruise operators due to high booking volumes. Carnival CEO Josh Weinstein noted strong booking momentum for 2025 sailings, with total customer deposits reaching an all-time high during the second quarter. The company pre-paid $1.6 billion of debt and now expects 2024 adjusted profit per share of about $1.18.
Source: YAHOO