Carnival Corp.
CCL,
said Tuesday it’s almost fully booked for the first half of 2024 but it expects an impact of 7 cent to 8 cents a share in its adjusted 2024 earnings due to rerouting around the Red Sea conflict. Most of that impact will be in the second quarter. Overall, it has not seen an impact on booking trends due to the Red Sea situation. It has no other Red Sea transits until November. Overall, Carnival said it is seeing an “an early and robust start to wave season (peak booking period), exceeding expectations.” Booking volumes since November have hit an all-time high. “For 2024, the company continues to have the best booked position on record, with both pricing (in constant currency) and occupancy considerably higher than 2023 levels,” the company said. “The company believes its continued strong bookings momentum is expected to deliver outperformance during the year, offsetting the Red Sea rerouting impact.” Carnival Corp.’s stock was up 1.5% in premarket trading.
