Carnival (NYSE:CCL) Corporation & plc (NYSE:CCL) is set to release its third-quarter results for 2023 on Thursday, September 29. The company's earnings per share (EPS) are forecasted at 75 cents with revenue projections standing at $6.7 billion. The expected growth catalysts include enhancements in booking, capacity-generation initiatives, and increased passenger ticket and onboard revenues.
The firm anticipates an adjusted EBITDA of between $2,050 million and $2,150 million. Despite successfully closing the occupancy gap relative to 2019 levels, the company has been grappling with inflationary pressures that have squeezed its profit margins.
Looking ahead, Carnival Corporation projects a rise in adjusted cruise costs by 12.5-13.5% from 2019 figures. The company also estimates that its total operating expenses will reach $4,891.9 million. These forecasts come as the cruise industry continues to navigate the economic impacts of inflation while striving to return to pre-pandemic operational levels.
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