Summary by Moomoo AI
Carnival Corporation reported a significant increase in financial performance for the quarter ended May 31, 2024. The company's passenger ticket revenues surged by 20% to $3.8 billion from $3.1 billion in the same period last year, driven by a 5.4% increase in Available Lower Berth Days (ALBDs) and a 5.6 percentage point increase in occupancy. Onboard and other revenues also rose by 15% to $2.0 billion. The North American and Australian (NAA) segment saw a 21% increase in passenger ticket revenues, while the Europe segment experienced a 17% rise. Operating income for the quarter improved dramatically to $560 million, a $440 million increase from the previous year's $120 million. Interest expenses decreased by 17% due to lower total debt and interest rates. The company's liquidity stood at $4.6 billion, including cash and available...Show More