Higher Fuel Costs Aren't Slowing Carnival Down Yet -- Market Talk

Dow Jones
03/28

1205 ET - Carnival is showing no signs of slowing down, William Blair analysts say, as healthy booking levels continued during the recent quarter at higher prices. "As a result, nearly 85% of 2026 is already booked, with less inventory available compared to the same time last year, while pre-cruise onboard sales are accelerating," Sharon Zackfia and Tania Anderson write in a research note. The cruise line says it now expects an additional $150 million of savings, compared with its December outlook. "That $150 million will partly mitigate the roughly $500 million impact from higher fuel relative to original guidance, translating to a reduction in EPS guidance of just over 10%," the analysts write. Shares slip 3.4%. (connor.hart@wsj.com)

 

(END) Dow Jones Newswires

March 27, 2026 12:05 ET (16:05 GMT)

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