Carnival Corporation reported its Q3 2023 earnings, revealing an all-time revenue-high of USD $6.9 billion. Cruise Industry News reports that the U.S. GAAP net income was USD $1.07 billion, with an adjusted net income of USD $1.18 billion, surpassing the JUN forecast.
Key highlights include record third-quarter customer deposits of USD $6.3 billion, a reduction in fuel consumption forecast by almost 16% compared to 2019, and a decrease in the company's debt by about USD $4 billion since Q1 2023, leaving Carnival with a USD $5.7 billion liquidity. CEO Josh Weinstein emphasized the outperformance in demand across all regions and expressed optimism for revenue growth in 2024.
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