On March 27, 2024, Carnival Corporation & plc, a dual-listed company under Carnival Corporation in Panama and Carnival plc in England and Wales, reported record first-quarter revenues and all-time high booking levels. The company, which trades under the symbols CCL and CUK on the New York Stock Exchange, announced a significant improvement in its first-quarter bottom line compared to the previous year, with a nearly $500 million increase. Adjusted net loss was better than expected, and the company saw a surge in demand that drove ticket prices higher. Carnival Corporation & plc also highlighted its operational achievements, including the redemption of its remaining second lien debt and the ordering of its first newbuilds in five years, which are scheduled for delivery...Show More

On March 27, 2024, Carnival Corporation & plc, a dual-listed company under Carnival Corporation in Panama and Carnival plc in England and Wales, reported record first-quarter revenues and all-time high booking levels. The company, which trades under the symbols CCL and CUK on the New York Stock Exchange, announced a significant improvement in its first-quarter bottom line compared to the previous year, with a nearly $500 million increase. Adjusted net loss was better than expected, and the company saw a surge in demand that drove ticket prices higher. Carnival Corporation & plc also highlighted its operational achievements, including the redemption of its remaining second lien debt and the ordering of its first newbuilds in five years, which are scheduled for delivery in 2027 and 2028. CEO Josh Weinstein expressed confidence in the company's trajectory, expecting record revenues and EBITDA for the year, along with a substantial improvement in operating performance. The company's financial outlook for the full year 2024 includes an approximate 9.5 percent increase in net yields and a 30 percent growth in adjusted EBITDA. Carnival Corporation & plc also addressed its sustainability efforts, with the delivery of two new LNG-powered ships and a focus on reducing greenhouse gas emissions. Despite the impact of an event in Baltimore, the company's guidance remains positive, with expectations of continued revenue growth and debt reduction.