Carnival raises annual profit forecast on strong cruise demand
Even though cruise ticket prices have ticked up in recent years, Americans have been more than willing to make early bookings for their getaways during the promotions-heavy "wave season", which started in January, and are also splurging heavily during their voyages.
This helped Carnival counter the rising costs of operations, including fuel and dock expenses and promotional costs.
"While we are not completely immune from the heightened
macroeconomic and geopolitical volatility since providing our
December guidance, we are still taking up our earnings
expectations for the year," said Carnival CEO
The company expects fiscal 2025 adjusted earnings per share
of about
(Reporting by Neil J Kanatt in Bengaluru and
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Carnival raises annual profit forecast on strong cruise demand
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