"Carnival's Record Bookings Threatened by Red Sea Tensions"
Originally Published 1 year ago — by MarketWatch
Carnival Corp reports record bookings for the first half of 2024, but anticipates a profit hit due to re-routing vessels to avoid attacks in the Red Sea conflict involving Iranian-backed Houthi Rebels. The company expects an impact of 7 to 8 cents a share in adjusted 2024 earnings, with most of the impact in the second quarter, but overall, it has not seen an impact on booking trends. Despite the conflict, Carnival remains optimistic about its strong booking momentum and expects to outperform during the year.