Cruise operator Carnival Corp (NYSE:CCL) has faced several obstacles in the first half of the year, according to Hargreaves Lansdown.
The temporary closure of its Baltimore port after a cargo ship collided with a bridge and the conflict in the Red Sea were just two, said the wealth platform.
Against that, record demand and bookings meant that it has already confirmed it is on track to meet 2024 guidance for underlying cash profit (EBITDA) of US$5.6bn.
“Prices have been trending higher and Carnival’s guided for a further increase in profitability when it reports second-quarter earnings next week," said Hargreaves.
“The second quarter tends to be the strongest in terms of cash generation, so investors will keep an eye on whether Carnival’s managed to put a dent in its net debt pile, which totalled $28.5bn at the end of February.”
Results are due on Tuesday 25 June.