Carnival Corp on Tuesday raised its annual profit forecast and said it expects strong booking trends for 2027, sending shares of the cruise operator up nearly 12% in premarket trading.
The company has been benefiting from affluent travelers who continue to prioritize experiences, particularly sea voyages and bucket-list adventures, despite an uncertain environment stemming from the ongoing Middle East conflict.
Carnival, which is the only major US cruise line that typically does not hedge fuel, has cushioned the impact from elevated fuel costs as well as higher investments by hiking ticket prices and increasing sales from pre-cruise perks.
"Our booking trends continued to strengthen throughout the quarter, with volumes meaningfully ahead of last year and far outpacing capacity growth. This momentum underscores the effectiveness of our demand generation efforts and the enduring appeal of our cruise lines," CEO Josh Weinstein said.
The company now expects full-year adjusted earnings of about $2.24 per share, compared with its prior forecast of about $2.22.
It also beat quarterly revenue of $8.44 billion, compared with analysts' average estimate of $8.30 billion, according to data compiled by LSEG.
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Carnival raises annual profit forecast as demand grows
"Our booking trends continued to strengthen throughout the quarter, with volumes meaningfully ahead of last year and far outpacing capacity growth. This momentum underscores the effectiveness of our demand generation efforts and the enduring appeal of our cruise lines," CEO Josh Weinstein said.
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Where this came from
This story was reported and first published by The Economic Times on 29 September 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.