TimesDigest E-Edition

Carnival Rebounds

(Reuters)

Cruise operator Carnival Corp. on Monday reported a smaller-than-expected quarterly loss and beat estimates for revenue, helped by strong demand for leisure travel, higher ticket prices and strong on-board spending. Cruise operators like Carnival, Royal Caribbean Group and Norwegian Cruise Lines Holdings are reporting resilient demand from cooped-up consumers undeterred by elevated inflation as COVID-19 pandemic-related restrictions ease. “We are still experiencing a record wave season, which started early, gained strength and has extended later into the year,” Carnival CEO Josh Weinstein said.

BUSINESS

en-us

2023-03-27T07:00:00.0000000Z

2023-03-27T07:00:00.0000000Z

https://timesdigest.pressreader.com/article/281556590080808

New York Times