Carnival Corporation
Carnival Corporation & plc Reports Record-Setting Third Quarter Results and Raises Full-Year 2024 Guidance for the Third Time
Summary
Carnival Corporation & plc reported record-setting operating results for the third quarter of 2024, with net income at $1.7 billion, surpassing guidance by $170 million. The company achieved record operating income of $2.2 billion and raised its full-year 2024 adjusted EBITDA guidance to approximately $6.0 billion, up over 40 percent compared to 2023. Bookings for 2025 are ahead of the previous record, with prices in constant currency also ahead of the prior year. The company expects net yields up approximately 10.4 percent and adjusted cruise costs excluding fuel per ALBD up approximately 3.5 percent for the full year. Carnival Corporation & plc also improved its leverage metrics and balance sheet, reducing net debt and increasing liquidity.
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About Carnival Corporation
Carnival Corporation is a prominent cruise line operator, known for providing exceptional leisure travel experiences across various destinations worldwide. As a major entity in the travel and tourism industry, its primary function is to offer vacation packages primarily through cruise services. The corporation operates a diverse portfolio of cruise brands, including Carnival Cruise Line, Holland America Line, and Princess Cruises, catering to different demographics and travel preferences. Carnival distinguishes itself with unique onboard experiences, ranging from family-friendly activities to luxury-oriented services, appealing to a wide range of passengers. As a key player in the maritime travel sector, it significantly contributes to the hospitality and transportation industries, outlining trends in vacation offerings and customer experiences. Market-evolving influences such as globalization and increasing travel demands underscore its importance in regional economies it serves. Headquartered in Miami, Florida, Carnival Corporation remains committed to enhancing passenger satisfaction and safety, while shaping mobility on the seas.
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