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...Carnival Cruise Line lifted its profit expectations for the fiscal year as higher prices and strong demand boosted earnings, but warned that the Baltimore bridge collapse would cause a $10mn hit to profits...
...Carnival: Carnival Cruise Line will report earnings before the bell and is expected to report an increase in revenue on strong bookings....
...Their shares are up 141 per cent and 161 per cent, respectively, while smaller rival Norwegian Cruise Line has gained 77 per cent....
...But it is also the front line in what is potentially a much larger conflict....
...Carnival Cruise Line warned of an “unfavourable” $125mn hit from the rising cost of fuel, taking the gloss off forecast-beating third-quarter results and sending shares tumbling....
...This year, 31.5mn passengers globally will take a cruise, rebounding above 2019 demand levels for the first time since the pandemic struck, according to projections by the Cruise Lines International Association...
...Carnival shares have risen by more than 40 per cent so far this year as consumers have flocked to the cruise line group’s ships in a resilient leisure and travel demand environment....
...Cruise lines Royal Caribbean and Carnival are two of the 10 most heavily shorted companies in the S&P 500 but have confounded short sellers’ expectations by more than doubling in value so far this year....
...Rivals Norwegian Cruise Line and Royal Caribbean are also benefiting, as more holidaymakers return to the sea as the pandemic fades....
...In 2019, some 2mn Chinese tourists took a cruise, compared with 14mn people from the US, according to the Cruise Lines International Association, an industry trade body....
...But some of the best-performing stocks of 2023 have been large cruise lines, now freighted with debt from pandemic shutdowns....
...Other companies: Constellation Energy, JM Smucker, Norwegian Cruise and Macy’s report earnings before the bell. Cava, eBay and Bumble will report after the bell....
...For her portrait of the 2017 CIA interview and arrest of whistleblower Reality Winner, director Tina Satter took every line direct from the official transcript....
...America (still) has no industrial policy: Subsidies, tariffs and good intentions don’t add up to what is needed, argues Rana Foroohar....
...Cruise’s cars were “not safe for the public’s operation”, California’s Department of Motor Vehicles said as it announced it was revoking permits for Cruise to test and deploy its vehicles on public streets...
...He’d come with a new boat that he’d built as a tender for True North, one of the yachts the Canadian team had brought over for the 1987 America’s Cup, held off Fremantle....
...North of the Westway, merging into Ladbroke Grove, Oxford Gardens and Bassett Road have wide, detached houses. “These were deemed less desirable than core Notting Hill but that is changing,” he says....
...Cruise vehicles had also been operating in the US cities of Austin, Phoenix and Houston....
...The Cruise Lines International Association forecasts that cruise passenger volumes this year will be 6 per cent ahead of pre-pandemic levels....
...The destroyer USS Carney used Tomahawk cruise missiles in the strike, which took place in the early hours of Saturday morning....
...A 14 per cent rise in the week to Monday in the share price of cruise line Carnival Corp, for instance, cost hedge fund short sellers a total of $240mn....
...I had signed up two months before with the adventure sailing company 59° North....
...Polls suggest he will cruise to re-election in May, a rarity in a region of generally poorly regarded heads of state, turfed out by voters at the first opportunity....
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...Investors have recently fallen in line with the Federal Reserve’s outlook for rate cuts....
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