March 21 (Reuters) - Cruise operator Carnival Corp ( CCL )
raised its annual profit forecast on Friday, benefiting
from higher ticket prices, resilient advance bookings and strong
on-board customer spending.
Even though cruise ticket prices have ticked up in recent
years, Americans have been more than willing to make early
bookings for their getaways during the promotions-heavy "wave
season", which started in January, and are also splurging
heavily during their voyages.
This helped Carnival counter the rising costs of operations,
including fuel and dock expenses and promotional costs.
"While we are not completely immune from the heightened
macroeconomic and geopolitical volatility since providing our
December guidance, we are still taking up our earnings
expectations for the year," said Carnival CEO Josh Weinstein in
a statement.
The company expects fiscal 2025 adjusted earnings per share
of about $1.83, compared with its previous forecast of about
$1.70 per share.