Cruise operator sets sights on recovery

  • Carnival targets first annual adjusted profit since 2019
  • Annual outlook for fiscal 2024
  • Targeting full-year adjusted earnings of about 93 cents
  • Carnival broke even on an adjusted basis for fiscal 2023
  • Carnival expects to grow capacity by 5.4% in fiscal 2024
  • Targeting annual net yield growth of about 8.5%

Carnival has issued its annual outlook for fiscal 2024, aiming to achieve its first annual adjusted profit since 2019. Despite falling slightly below analysts’ expectations, the company targets full-year adjusted earnings of about 93 cents. In fiscal 2023, Carnival broke even on an adjusted basis. Looking ahead, the cruise operator plans to grow capacity by 5.4% in fiscal 2024 and is aiming for an annual net yield growth of about 8.5%.

Public Companies: Carnival (CCL)
Private Companies:
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Factuality Level: 7
Justification: The article provides specific information about Carnival’s annual outlook for fiscal 2024, including its target for adjusted earnings and capacity growth. It also mentions the analysts’ expectations, which indicates that the information is based on external sources. However, the article does not provide any additional context or analysis, making it somewhat limited in terms of depth and perspective.

Noise Level: 3
Justification: The article provides specific information about Carnival’s annual outlook for fiscal 2024, including their target adjusted earnings and capacity growth. It also mentions analyst expectations. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with specific data and examples.

Financial Relevance: Yes
Financial Markets Impacted: Cruise industry, Carnival

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial outlook of Carnival, a cruise operator, for fiscal years 2023 and 2024. It provides information on the company’s expected adjusted earnings and capacity growth. There is no mention of any extreme event or its impact.

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