Cruise giant Carnival Corporation – which owns the likes of Princess Cruises, Holland-America Line, Cunard, Carnival Cruise Line, Seabourn, Costa Cruises, AIDA, and P&O Cruises – has reported record revenues for the three months to the end of February; the first quarter of its financial year.
The group posted revenues of $5.8bn for the period; which was up by more than $400m on the same quarter the previous year.
The first quarter also saw Carnival record record first quarter operating profits of $542m, which was double a year earlier.
As a result of the strong start, Carnival is anticipating net income, for 2025 as a whole, to be 30% better than expected.
Carnival Group CEO, Josh Weinstein, said: “Our first quarter was truly characterised by outperformance. This was across the board and led by incredibly strong demand throughout our portfolio including exceptional close-in demand that exceeded expectations for both ticket prices and onboard spending.”
“While we are not completely immune from the heightened macroeconomic and geopolitical volatility since providing our December guidance, we are still taking up our earnings expectations for the year and we remain on track to have another stellar year across our cruise brands.”
