Carnival Sees FY24 Net Yields (In Constant Currency) Up ~9.5% Compared To 2023; Adjusted Cruise Costs Excluding Fuel (In Constant Currency) Are $35M Better Than December Guidance; Adjusted EBITDA Of ~$5.63B, Over 30% Growth Compared To 2023, Despite The Impact Of The Red Sea Rerouting Of ~$130 Million Or $0.09 Adjusted EPS Through November 2024.

Author: Benzinga Newsdesk | March 27, 2024 09:49am

For the full year 2024, the company expects:

Net yields (in constant currency) up approximately 9.5 percent compared to 2023, over a point better than December guidance, based on continued strength in demand and with occupancy at historical levels.
Adjusted cruise costs excluding fuel (in constant currency) are $35 million better than December guidance, with adjusted cruise costs excluding fuel per ALBD (in constant currency) 0.5 percentage points higher than December guidance as a result of lower ALBD's from the Red Sea rerouting as certain ships reposition without guests.
Adjusted EBITDA of approximately $5.63 billion, over 30 percent growth compared to 2023, and better than December guidance, despite the impact of the Red Sea rerouting of approximately $130 million or $0.09 adjusted EPS through November 2024.

Posted In: CCL CUK