(Bloomberg) -- Carnival Corp.’s initial outlook for 2025 bolstered confidence that record levels of cruise demand will continue into the new year.
Adjusted net income will be about $2.3 billion next year, more than 20% higher than in 2024, the company said in a statement. Analysts had expected $2.36 billion.
Insatiable vacation demand drove Carnival to record revenue this year and is showing no signs of slowing down. The company has already booked more trips for the upcoming year at this point than any comparable period, and is doing so at higher prices as supply remains limited. That interest is even stretching into 2026.
“With nearly two-thirds of 2025 already booked, we are expecting another year of strong yield improvement, outpacing historical growth rates,” Chief Executive Officer Josh Weinstein said in the statement.
Share prices across the cruise industry jumped on the news, with Carnival rising as much as 4.9% in New York. Royal Caribbean Cruises Ltd., the largest cruise operator by market value, gained up to 4% and Norwegian Cruise Line Holdings as much as 6%.
Carnival’s shares were up 36% this year before today, outpacing the 23% gain for the S&P 500 Index.
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