Carnival Corp. Ups Forecast Amid Soaring Demand

Carnival Corp. has once again lifted its full-year earnings outlook for the third consecutive quarter, highlighting a record pace in forward bookings alongside improving net yields. The cruise operator now anticipates an adjusted net income figure of approximately $2.93 billion, which marks an increase of $235 million from its previous projection made in June. This prediction also surpasses analysts’ expectations, which were set at around $2.76 billion.

Booking trends continue to demonstrate robust growth, with surging volumes that are “far outpacing capacity growth,” as noted by Carnival’s Chief Executive Officer, Josh Weinstein, in a recent statement. Weinstein elaborated on the company’s optimistic forecast during an appearance on ‘Bloomberg Businessweek Daily’ alongside hosts Carol Massar and Tim Stenovec.