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
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2023-03-27T07:00:00.0000000Z
2023-03-27T07:00:00.0000000Z
https://timesdigest.pressreader.com/article/281556590080808
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