Reported 8 months ago
The Cruise Lines International Association reported that the global cruise industry faced a significant setback during the Covid-19 pandemic in 2020-21, resulting in a loss of $77 billion. However, with cruising being considered one of the safest forms of travel, Carnival Cruise Line has bounced back, setting record sales and improving commercial operations. Carnival's second-quarter earnings beat expectations, with adjusted earnings of 11 cents per share and revenue reaching $5.78 billion, representing a 17.7% increase. The company raised its 2024 adjusted net income guidance and is experiencing positive trends expected to continue into the third quarter, with analysts predicting earnings to increase by 29% and sales by 13%.
Source: YAHOO