Carnival Corporation prepares for Q3 2023 results amid inflationary pressures

This post was originally published on this site

https://i-invdn-com.investing.com/news/LYNXNPEB9M0BY_M.jpg

The firm anticipates an adjusted EBITDA of between $2,050 million and $2,150 million. Despite successfully closing the occupancy gap relative to 2019 levels, the company has been grappling with inflationary pressures that have squeezed its profit margins.

Looking ahead, Carnival Corporation projects a rise in adjusted cruise costs by 12.5-13.5% from 2019 figures. The company also estimates that its total operating expenses will reach $4,891.9 million. These forecasts come as the cruise industry continues to navigate the economic impacts of inflation while striving to return to pre-pandemic operational levels.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.