Summary by Futu AI
Carnival Corporation & plc reported a record-breaking year in their 2023 annual report, with full-year revenues reaching an all-time high of $21.6 billion. The company, which operates the largest global cruise line, saw positive net income in the third quarter for the first time since resuming guest cruise operations, generating $1.07 billion. The year ended with over $5 billion in liquidity after reducing the 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 strategic investments, including the construction of Celebration Key and two floating docks, are expected to benefit future operations...Show More