Skip to Content

Carnival shares cruise higher on gains in revenue, bookings

KIFI

MIAMI (AP) — Shares of Carnival Corp. have surged after it reported higher revenue, occupancy levels on its cruise ships, and bookings for future trips. But the cruise line operator is still losing money. Carnival said Friday that it lost $1.83 billion in the second quarter and expects another loss in the third quarter because of effects from the pandemic and higher fuel prices. Carnival operates nine cruise brands. It says 91% of its fleet is sailing again. Bookings in the second quarter nearly doubled from the first quarter, and they were the strongest since the beginning of the pandemic.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content