other material
confidence high
sentiment positive
materiality 0.75
Carnival reports all-time record bookings, reroutes Red Sea transits, redeems $571M second lien debt
CARNIVAL PLC
- Bookings volumes since November hit all-time high; 2024 best booked position on record with pricing and occupancy well above 2023.
- Rerouted itineraries for 12 ships across seven brands avoiding Red Sea through May 2024.
- Red Sea rerouting expected to reduce adjusted EPS by $0.07-$0.08 for full year 2024, mostly in Q2.
- Redeemed $571M of 9.875% second-priority secured notes due 2027, eliminating all remaining second lien debt.
- First half of 2024 is almost fully booked; strong momentum expected to deliver outperformance offsetting Red Sea impact.