Carnival Corporation & plc has recently released its 10-Q report, providing a detailed look at its financial performance. The company, known for providing leisure travel services through its cruise operations, operates under various brands such as AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, and others. With a focus on North America, Australia, Europe, and international markets, Carnival offers a range of services, including port destinations, hotels, and motorcoaches.
In its 10-Q report, Carnival discusses various factors that may affect its future results, including geopolitical uncertainty, incidents concerning its ships, changes in laws and regulations, climate change, cybersecurity incidents, and fluctuations in fuel prices. The report also highlights the company's reliance on key suppliers, the impact of foreign currency exchange rates, and the potential effects of overcapacity and competition in the industry.
The report provides statistical information for the three months ended February 28, 2025, compared to the same period in 2024. It includes data on passenger cruise days, fuel consumption, fuel costs, and currency exchange rates. Additionally, the report details the capacity changes in the North America and Europe segments, shedding light on the factors contributing to these changes.
Furthermore, the report delves into the financial performance of Carnival, highlighting key figures such as revenues, operating expenses, selling and administrative expenses, and depreciation and amortization expenses. It discusses the factors driving changes in passenger ticket revenues, onboard and other revenues, and operating expenses for both the consolidated entity and its North America and Europe segments.
The 10-Q report reveals that Carnival's consolidated operating income increased significantly, with the North America segment's operating income also experiencing a notable rise. The report provides a comprehensive breakdown of the factors contributing to these changes, including increased ticket prices, capacity changes, and fluctuations in foreign currency translation impacts.
Today the company's shares have moved -1.2% to a price of $21.18. Check out the company's full 10-Q submission here.
