Carnival cruise line grows revenue by 40pc

0
Josh Weinstein CEO of Carnival
Josh Weinstein CEO of Carnival

Carnival Corporation reported a strong financial performance with net income of $1.7bn in Q3 2024, and an operating income of $2.2bn, surpassing 2023 levels.

The company raised its full-year adjusted EBITDA guidance to approximately $6.0bn, reflecting over 40pc growth compared to 2023, along with an expected adjusted return on invested capital of approximately 10.5pc. 

The cumulative advanced booked position for 2025 exceeded 2024 records, with net yields expected to increase by approximately 10.4pc for 2024, driven by strong demand and higher ticket prices. 

Carnival has actively reduced its debt, with a total of $7.3bn prepaid since early 2023, and is on track to achieve investment-grade credit ratings, while securing new financing for future ship deliveries.

Share.

Comments are closed.