1355 ET - Carnival is up against a tough macroeconomic backdrop, facing extreme geopolitical volatility, consumer sentiment at historically low levels and unusually high fuel prices, CEO Josh Weinstein says on a call with analysts. "While we are incredibly resilient to major external shocks, we are not immune," he adds. Weinstein notes that the recent quarter's results were hurt by near-term disruptions, such as a moderation in bookings across Europe, particularly in the Mediterranean region. "It was further exacerbated by elevated airfares and reduced international flight capacity for North American guests," he adds. Carnival drops 5.5%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 23, 2026 13:55 ET (17:55 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.