Carnival cruises are enjoying a wave of record sales as Brits indulge in getaways
Cruise giant Carnival is counting on a new year with record turnover and profit in 2024.
The company, which includes P&O Cruises and Cunard, which operates the Queen Mary 2, Queen Elizabeth and Queen Victoria, has benefited from post-pandemic travel demand.
Despite cost-of-living pressures hitting families, British consumers are pulling back in droves, Carnival said.
CEO Josh Weinstein said the company will enter 2024 with “the best-booked position we’ve ever seen.”
Almost two-thirds of the berths for 2024 have already been filled.
Profit ahoy: Carnival, whose Cunard line operates the Queen Mary 2, Queen Elizabeth and Queen Victoria, has cashed in on demand for post-pandemic travel
Carnival expects profits of £4.4 billion for 2024, up 30 percent on this year.
Annual turnover was £17 billion in 2023 and profits £3.3 billion.
Weinstein said: “We ended the year on a high note with another record quarter that exceeded expectations.
“In fact, we consistently outperformed in all four quarters, driven by improving demand across our brands.”
Shares rose 3.5 percent, or 46p, to 1377p. and are up almost 140 percent this year.