During the first quarter, booking volumes hit an all-time high with prices considerably higher year over year.

Following a successful wave season (peak booking period), the company raised its full year 2024 net yield guidance (in constant currency) by over a point to approximately 9.5 percent compared to 2023 based on continued strength in demand and also improved its adjusted cruise costs excluding fuel guidance (in constant currency) by USD 35 million as compared to its December guidance.

Total customer deposits reached a first quarter record of USD 7.0 billion, surpassing the previous first quarter record by USD 1.3 billion.

The company redeemed its remaining second lien debt (9.875% second-priority secured notes), upsized its forward starting revolving facility by USD 400 million and extended its availability by two years.

The company ordered its first newbuilds in five years, the tenth and eleventh in its highly successful excel-class, scheduled to be delivered to Carnival Cruise Line in 2027 and 2028.

Full report https://www.carnivalplc.com/news-releases/news-release-details/carnival-corporation-plc-reports-record-first-quarter-revenues