Proactive Investors - Carnival (LON:CCL)’s third-quarter earnings statement (Friday 29 Sep) will all be about whether the recent resurgence in cruise demand is being maintained.
Half-year results showed cabin occupancy is back to 100% with pricing also 6% higher than pre-pandemic levels.
That is a healthy combination for a cruise operator but debt of US$32 billion remains an issue (even if it is coming down), with interest rates rising.
Broker Peel Hunt (LON:PEEL) says Carnival’s finances should get a tailwind from the fact that only four new ship deliveries are planned until the end of fiscal 2026.
Guidance from the company for this year is for underlying profits (EBITDA) of US$4.2bn, but Peel Hunt remains cautious over the level of debt.