Carnival Cruise Gains After Reporting Highest Booking Week In Its History

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Carnival Cruise Gains After Reporting Highest Booking Week In Its History
Credit: © Reuters.

Carnival Corporation(NYSE: CCL ) shares gained over 2% after hours Monday after its Carnival Cruise Line announced that the 7-day booking total from March 28 - April 3 was the busiest booking week in its history.

The company has led the industry in terms of restart and customer demand. Twenty-two of its total 23 ships were back in guest operations across all its year-round U.S. homeports, with the final ship, Carnival Splendor, expected to return to service from Seattle on May 2.

In November, the company's newest ship, Carnival Celebration, will be welcomed to Port Miami. Furthermore, the company will put into service another new Excel-class ship, Carnival Jubilee, from Galveston in 2023.

With the restart of cruising in Australia now set, the company is finalizing its return plans, with details expected to be announced soon.

By the end of the year, the company is expected to have more capacity sailing, measured by ALBDs (available lower berth days), than it had in 2019.

 

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