Revenues, profits and passengers on board at historic highs for the US cruise group that controls Costa Crociere
Record revenues close to 6 billion in the last financial quarter of the Carnival Corporation group.
Reporting the results for the September-November period of this year, the US cruise major highlighted the turnover of 5.94 billion dollars, which represents not only an increase of 10% on the same period of 2023, but also the highest collection obtained historically in this period of the year.
A record for revenues
A record both for revenues generated by cruise sales alone, which amounted to 3.85 billion (+9.8%), and for revenues generated by sales on board ships, which amounted to 2.08 billion (+10.5%).
Operating profit was 561 million dollars (+46.1%), a value that for the period is second only to that of the fourth quarter of fiscal 2016. Net profit was 303 million dollars compared to a net loss of -48 million in the last quarter of fiscal 2023.
Rebuilding our financial fortress
CFO David Bernstein described demand as robust and said demand strength is driving Carnival Corp.’s financial results and “rebuilding our financial fortress while continuing the process of transferring value from debt holders back to shareholders.”
Booking volume for 2026
On the other hand that booking volume over Q4 was higher than a year ago, including in the period leading up to the election, . Meanwhile, booking volume for 2026 is at a record-breaking level, “reflecting sustained demand, even for further-out sailings
2024 4Q Earnings Release (8-K)
In the September-November
In the September-November period of 2024, the group’s ships hosted 3.3 million passengers, the highest number ever for this period of the year, compared to 3.1 million in the same quarter of last year. In the full year 2024, revenues stood at 25.02 billion dollars, a new historical record, up +15.9% on the previous year.
Operating profit
Operating profit also rose by +82.8% to an all-time high of 3.57 billion. Net profit was 1.92 billion compared to a net loss of -74 million dollars in the annual financial year 2023. A record was also set by the number of passengers embarked in the financial year 2024 on the group’s ships, which amounted to 13.5 million units (+9%).
It is noteworthy that the company‘s North American and European brands are having their longest booking windows on record
2024 4Q Earnings Release (8-K)
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