Carnival Corp. is reporting a huge profit for the fourth quarter of this year, and they’re already filling up their cruises for 2025.
Carnival on 20DEC reported a net profit of $303 million for the fourth quarter, compared to a net loss of $48 million for the fourth quarter of last year.
"This has been an incredibly strong finish to a record year," said Carnival Corp. CEO Josh Weinstein.
“Full-year revenues hit an all-time high of $25 billion, more than 15% higher than the prior year,” cruiseweek.com noted. “Full-year 2024 net profit was $1.9 billion, outperforming September guidance by over $130 million.”
Adjusted net income next year will be about $2.3 billion next year, more than 20% higher than in 2024, the company said in a statement.
The resilient demand for cruise vacations also helped Carnival post better-than-expected profit and sales for the fourth quarter, but the company forecast annual profit below estimates due to rising input costs and advertising spending, Reuters said. Still, on a constant currency basis, Carnival's cumulative advanced booked position for next year is at an all-time high for occupancy and price, with both surpassing 2024 in all four quarters of 2025.
“Insatiable vacation demand drove Carnival to record revenue this year and is showing no signs of slowing down,” BNN Bloomberg stated.
“With nearly two-thirds of 2025 already booked, we are expecting another year of strong yield improvement, outpacing historical growth rates,” CEO Josh Weinstein said in a statement. “2025 is shaping up to be another banner year, with yield growth expected to far outpace historical growth rates and again exceed unit cost growth.”
