• Third quarter net income was USD 1.7 billion, an increase of over 60 percent compared to 2023 and adjusted net income outperformed June guidance by USD 170 million.
• Record operating income of USD 2.2 billion exceeded 2023 levels by USD 554 million.
• As a result of strong demand and cost saving opportunities, raised its full year 2024 adjusted EBITDA guidance to approximately USD 6.0 billion, up over 40 percent compared to 2023 and better than June guidance by nearly USD 200 million. 
• The cumulative advanced booked position for full year 2025 is above the previous 2024 record with prices (in constant currency) ahead of prior year.
• Cruise costs per available lower berth day ("ALBD") increased 3.4 percent compared to 2023. Adjusted cruise costs excluding fuel per ALBD1 (in constant currency) decreased compared to 2023 and were significantly better than June guidance driven by cost saving opportunities, accelerated easing of inflationary pressures, benefits from one-time items and the timing of expenses between the quarters.
• Total customer deposits reached a third quarter record of USD 6.8 billion, surpassing the previous third quarter record of USD 6.3 billion as of 31 August 2023, despite lower capacity growth. 

"We delivered a phenomenal third quarter, breaking operational records and outperforming across the board. Our strong improvements were led by high-margin, same-ship yield growth, driving a 26 percent improvement in unit operating income, the highest level we have reached in fifteen years," commented Carnival Corporation & plc's Chief Executive Officer Josh Weinstein.

"We are poised to deliver record operating performance for full year 2024, with adjusted EBITDA now expected to cross USD 6 billion and adjusted return on invested capital to be approximately 10.5 percent. Strong demand enabled us to increase our full year yield guidance for the third time this year and we improved our cost guidance driving more revenue to the bottom line," Weinstein added.

"Looking forward, the momentum continues as our enhanced commercial execution drives demand well in excess of our capacity growth, leaving us well positioned with an even stronger base of business for 2025, a record start to 2026 and firmly on the path toward our SEA Change targets," Weinstein noted. 

Full report https://www.carnivalcorp.com/news-releases/news-release-details/carnival-corporation-plc-reports-record-setting-operating

© Shippax