Carnival's Future Bookings and Stock Performance Show Mixed Results
Carnival Corporation reported record future bookings in the first quarter, with demand rebounding from the COVID-19 pandemic. The company's European segment saw its booking curve continue to be more than 80% recovered compared to pre-COVID 2019 levels, while the North America and Australia segment mirrored peak 2019 levels. Carnival expressed optimism about the improving demand environment for sailings, with bookings on Black Friday and Cyber Monday being very strong. The company's cumulative advanced booked position for the remainder of 2023 is at higher ticket prices in constant currency, normalized for future cruise credits, as compared to strong 2019 prices.