Transportation
Carnival Outlook Solid Despite Baltimore Bridge, Red Sea
- Raised its full year outlook amid record setting booking pace
- Collapsed Baltimore bridge seen having $10 million impact
The Carnival Celebration cruise ship docked at the cruise terminal at Port Miami in Miami, Florida.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
Carnival Corp. slightly raised its outlook for 2024 amid record setting demand for cruises. However, the company also citied a negative impact related to the collapse of Francis Scott Key Bridge in Baltimore and is continuing to feel the effects of conflict in the Red Sea region.
Adjusted earnings before interest, tax, depreciation and amortization for 2024 is now expected to be $5.63 billion, the company said in a statement. Previously, Carnival saw about $5.6 billion, while analysts had estimated $5.64 billion.