Summary by Futu AI
Carnival plc, a leading cruise operator, reported a record-breaking financial performance for the year ended November 30, 2023. The company's full-year revenues soared to an all-time high of $21.6 billion, driven by a robust demand environment across all brands. Notably, Carnival achieved a positive net income of $1.07 billion during the third quarter, marking the first time since the resumption of guest cruise operations. The company also ended the year with a strong liquidity position, boasting $5.4 billion, after reducing its debt balance by $4.6 billion from its peak in the first quarter of 2023. Carnival entered 2024 with its best booked position on record for both price and occupancy, and customer deposits for each quarter in 2023 consistently surpassed previous records. The company's...Show More