Carnival Corporation posts first profit since pandemic

For the first time since the resumption of guest cruise operations following the COVID-19 shutdown, Carnival Corporation’s U.S. GAAP net income turned positive in third quarter 2023, generating $1.07 billion. Adjusted net income of $1.18 billion exceeded the cruise giant’s June guidance range of $0.95 billion to $1.05 billion.

Other highlights included:

  • Third quarter revenues hit an all-time high of $6.9 billion.
  • Continued strength in close-in demand enabled the company to increase its net per...

https://www.marinelog.com/passenger/cruiseships/carnival-corporation-posts-first-profit-since-pandemic/

Carnival quarterly update gives cruise share prices a boost

Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, today released its second quarter business update and though there was plenty of red ink splashing around, investors liked the rest of what Carnival had to say enough to give the company’s stock a boost that saw the company’s share up by over 11% as of 2.30 p.m. today.

Other cruise shares also went up in Carnival’s slipstream, with both Norwegian Cruise Lines Holdings (NYSE: NCLH) and Royal Caribbean...

https://www.marinelog.com/legal-safety/shipping/carnival-quarterly-update-gives-cruise-share-prices-a-boost/

Carnival Corporation announces leadership change

Carnival Corporation & plc (NYSE/LSE: CCL;NYSE: CUK), the world’s largest cruise company, reports that, effective August 1, current president and CEO Arnold Donald, is being appointed vice chair and member of the boards of directors. Josh Weinstein (age 48), currently chief operations pfficer for the company, will assume the president and CEO role.

“Josh is a proven executive who is well-respected throughout the company, serving in key leadership roles, driving strong business results during his...

https://www.marinelog.com/passenger/cruiseships/carnival-corporation-announces-leadership-change/