Deep Dive: Carnival Earnings Lift Cruise Stocks
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Deep Dive: Carnival Earnings Lift Cruise Stocks
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Carnival Corp. shares jumped after it raised its full-year profit outlook as cruise demand has shrugged off the volatile economic and geopolitical backdrop.
Its stock surged, while peers Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings and Viking Holdings Ltd. also rose.
The industry appears to be rebounding from earlier worries that demand was softening for vacations. Cruise businesses are also insulated during downturns by customers increasingly booking further in advance, drawn to tickets that offer significant discounts relative to other travel options.
Tim Stenovec and Carol Massar discuss the news with Bloomberg Intelligence Analyst Brian Egger.
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