Carnival Boosts Outlook as Cruise Demand Breaks More Records.

CARNIVAL Cruise Lines; OCEAN travel; CRUISE ships

Carnival Corp. has raised its earnings outlook for the year after reporting a surprise profit in the last quarter. The company expects adjusted earnings before interest, tax, depreciation, and amortization to reach $5.83 billion, higher than its previous forecast and above analysts' projections. The strong demand for cruises, driven by the value of sailings compared to land-based travel, has allowed cruise companies to sell tickets at higher prices and attract new customers. Carnival's booked position for 2025 is already ahead of 2024 levels in terms of occupancy and ticket prices. The company's debt rating was upgraded by Standard & Poor's, and its shares rose following the positive results. [Extracted from the article]

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