Previous close | 0.8700 |
Open | 1.0200 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 40.00 |
Expiry date | 2025-12-19 |
Day's range | 0.8700 - 1.0200 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Carnival Corporation (CCL) announced it expects up to $10 million in losses from the collapse of Baltimore's Francis Scott Key Bridge earlier this week. The cruise operator reports narrower-than-expected losses in its fiscal first-quarter earnings while raising its annual profit forecast for 2024, citing a renewed boost in travel demand. Yahoo Finance Anchors Jared Blikre and Josh Lipton break down the latest development from Carnival and how it may operate moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Nicholas Jacobino and updated by Luke Carberry Mogan.
(Reuters) -Cruise operator Carnival said on Wednesday it will probably not be sailing through the Red Sea region for the rest of this year and early next year given persistent hostilities across the key shipping route. Even though 2024 is expected to be a record year for cruise travel, operators such as Carnival and rival Royal Caribbean are exercising caution as attacks by Iranian-backed Houthi militants on vessels in the Red Sea disrupt shipping in the Suez Canal, the fastest sea route between Asia and Europe. Carnival raised its expected 2024 adjusted earnings impact from the re-routing of ships to 9 cents per share, from 7-8 cents estimated in January.
Cruise stocks had a bumper 2023 as international travel demand boomed, but the waters have been choppier this year.