Carnival (LSE:CCL; NYSE:CCL) has reported record-breaking results for the third quarter, with net income of $1.7 billion representing a 60% increase compared to the same period in 2023.
Company revenue also hit an all-time high of $7.90 billion, proving that the global appetite for charter cruises has well and truly rebounded from the pandemic era.
As a result, Carnival raised its full-year adjusted EBITDA forecast to approximately $6 billion, which represents an over 40% increase compared to 2023.
"We delivered a phenomenal third quarter, breaking operational records and outperforming across the board,” said chief executive John Weinstein.
“Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years.”
Despite the bullish results, shares in the cruiseliner fell almost 3%, potentially due to higher anticipated cruise costs in the fourth quarter.