Carnival Cruise Profits
What You Need to Know
- The company’s net income was $1.07 billion, with third-quarter revenues hitting an all-time high of $6.9 billion.
- Carnival Corporation’s third quarter 2023 earnings reflect strong demand, higher prices, and an expansion of its first-time cruiser base.
- Carnival brands are already booked solid for 2024 and at higher prices than 2023.
- Total customer deposits reached a third-quarter record of $6.3 billion, showing that Carnival Corporation is increasing the number of new cruisers.
Reducing Billions in Debt
Carnival Corporation has also reduced its debt by $4 billion in 2023. This is a significant achievement, as the company had a debt of $35 billion at its peak.
For reference, the line carried $12 billion in debt at the end of 2019 due to new ship orders.
However, increased profits may also mean increased prices and cutbacks for guests